Facebook acquired 80% of the outstanding common stock of Instagram on 1 January 2016. The acquisition price included a 40,000 control premium. On the date of acquisition, an equipment was undervalued in the books of Instagram. The equipment has a remaining useful life of 8 years. Also, on the date of acquisition, the retained earnings of Instagram were 370,000. The remaining excess fair value was attributed to Goodwill. Facebook accounted for the investment using the equity method.

Between 1 January 2016 and 31 December 2020, the Investment in Instagram account has increased by 155,468. Instagram did not issue any new common stock during the period 2016-2020.

On 1 January 2020, Facebook reported 400,000 in bonds outstanding with a book value of 410,125. These bonds carry a coupon rate of 10%. Instagram purchased half of these bonds on the open market for 202,000.

During 2020, Facebook sold to Instagram merchandise inventory costing 200,000 at a price of 350,000. All but 20,000 of these goods were resold to outside parties by the end of 2020. Instagram till owed 80,000 for inventory shipped from Facebook during December.

Facebook has 500,000 common stock(shares) outstanding by the end of 2020.

Ignore tax rate.

The following is selected financial statements for Company P and Company S at 31 December 2020. Account	Facebook ()	Instagram ()
Revenues	894,600	652,400
Cost of Goods Sold	483,000	277,200
Operating Expenses	187,600	225,400
Interest Expense -Bonds	36,910	NA
Interest Income -Bond Investment	-	18,180
Equity in Instagram Income	a	-
Net Income	b	c
R/E at 1 January 2020	307,200	505,400
Dividends Paid	217,000	87,170
R/E at 31 December 2020	d	e
Cash & Receivables	186,200	111,200
Inventory	239,400	121,800
Investment in Instagram	715,468	-
Investment in Facebook Bonds	-	f
Land, Buildings, & Equipment(net)	483,335	695,430
Accounts Payable	389,194	232,400
Bonds Payable	400,000	140,000
Premium on Bonds Payable	g	-
Common Stock	420,000	170,000

Question:

Find the missing numbers in the table (a, b, c, d, e, f &g) and using a worksheet format, prepare the consolidated income statement, the consolidated statement of retained earnings and the consolidated balance sheet for the year 2020