=ollowing are the individual financial statements for Gibson and Davis for the year ending December 31, 2021: Gibson acquired 60 percent of Davis on April 1, 2021, for $549,600. On that date, equipment owned by Davis (with a five-year emaining life) was overvalued by $66,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $366,400. Davis earned income evenly during the year but declared the $40,000 dividend on November 1, 2021. 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 31,2021 : Goodwill Equipment (net) Common stock Buildings (net) Dividends declared Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a consolidated income statement for the year ending December 31,2021 . (Enter all amounts as positive values.)