On April 1, 2021, Parent Company purchased for cash 51% of the voting common stock of Son Corporation. Due to some restrictions, Parent company does not have ability to control over Son company. Both companies have a December 31 fiscal year-end. Son, which is publicly traded on an organized stock exchange, reported its net income for the year to Parent and paid a dividend to Parent during the year. Required: How should Parent report the above information in its year-end income statement and balance sheet? Discuss the rationale for your