Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2021:

	Gibson				Davis
Sales	$	(600,000	)		$	(300,000	)
Cost of goods sold		300,000				140,000
Operating expenses		174,000				60,000
Dividend income		(24,000	)			0
Net income	$	(150,000	)		$	(100,000	)
Retained earnings, 1/1/21	$	(700,000	)		$	(400,000	)
Net income		(150,000	)			(100,000	)
Dividends declared		80,000				40,000
Retained earnings, 12/31/21	$	(770,000	)		$	(460,000	)
Cash and receivables	$	248,000			$	100,000
Inventory		500,000				190,000
Investment in Davis		528,000				0
Buildings (net)		524,000				600,000
Equipment (net)		400,000				400,000
Total assets	$	2,200,000			$	1,290,000
Liabilities	$	(800,000	)		$	(490,000	)
Common stock		(630,000	)			(340,000	)
Retained earnings, 12/31/21		(770,000	)			(460,000	)
Total liabilities and stockholders' equity	$	(2,200,000	)		$	(1,290,000	)

Gibson acquired 60 percent of Davis on April 1, 2021, for $528,000. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $30,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $352,000. Davis earned income evenly during the year but declared the $40,000 dividend on November 1, 2021.

What did I do wrong? Can you tell me the correct #?

Required A Required B Prepare a consolidated income statement for the year ending December 31, 2021. (Enter all amounts as positive values.) Consolidated Income Statement For the Year Ending December 31, 2021 \begin{tabular}{|l|c|c|c|} \hline Revenues & & & $25,000 \\ \hline Cost of goods sold & & $405,000 & \\ \hline Operating expenses & & 219,000 & 624,000 \\ \hline Consolidated net income & & & 201,000 \\ \hline Noncontrolling interest in CNI & & & 30,000 \\ \hline Controlling interest in CNI & & & $171,000 \\ \hline \hline \end{tabular}