Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2021: Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Davis Buildings (net) Equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and stockholders' equity $ Gibson (600,000) $ Davis (300,000) 300,000 140,000 174,000 60,000 (24,000) 0 $ (150,000) (100,000) $ (700,000) (150,000) (400,000) (100,000) 80,000 40,000 $ (770,000) $ (460,000) 248,000 $ 100,000 500,000 190,000 528,000 0 524,000 400,000 $ 2,200,000 (800,000) (630,000) (770,000) $ (2,200,000) 600,000 400,000 $ 1,290,000 (490,000) (340,000) (460,000) $ (1,290,000)