Eagle corporation owns 90% of Flyway Inc's common stock that was purchased at its underlying book value. The two companies report the following information for 2017.

During 2017, Flyway sold inventory to Eagle for $100,000 which cost Flyway $100,000. As of the end of 2017, 40% of the inventory was unsold.

Data	Eagle	Flyway
Sales Revenue	780,000	445,000
Cost of goods sold	400,000	180,000
Other Expenses	180,000	171,000
Net Income	200,000	94,000

Prepare a consolidated income statement by preparing a consolidated worksheet. Show all work