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help im stuck on the noncontrolling interest in CNI remaining life) was overvalued by $63,000. Also on that date, the fair value of the 40

help im stuck on the noncontrolling interest in CNI image text in transcribed
remaining life) was overvalued by $63,000. Also on that date, the fair value of the 40 percent nor Davis earned income evenly during the year but declared the $40,000 dividend on November 1, a. Prepare a consolidated income statement for the year ending December 31, 2021. b. Determine the consolidated balance for each of the following accounts as of December 31, 205 Goodwill Equipment (net) Common stock Buildings (net) Dividends declared Complete this question by entering your answers in the tabs below. Required A Required B Prepare a consolidated income statement for the year ending December 31, 2021. (Enter all amounts a $ 1,106,000 Consolidated Income Statement For the Year Ending December 31, 2021 Revenues Cost of goods sold 521,000 Operating expenses 276,800 Consolidated net income Noncontrolling interest in CNI Controlling interest in CNI 797.800 308,200 $ 308,200

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