On December 31, Year 1. Company A purchased 75% of Company B's outstanding common shares for $150,000 in cash. On that date, the carrying amount of Company B's assets and liabilities approximated their fair value, and the fair value of the noncontrolling interest (NC) was $12,000. The following is the summarized balance sheet information for the two companies on December 31. Year 1, before the acquisition. Current assets Noncurrent assets Current liabilities Noncurrent liabilities Common stock Retained earnings Additional paid-in-capital Additional Information Company A $200,000 Company B $ 80,000 320.000 140,000 70,000 45,000 110,000 55,000 100,000 30,000 90,000 70,000 150,000 20,000 Company 1 reported net income of $60,000 for the year ended December 31, Year 2 On December 3, Year 2, Company B declared and distributed a cash dividend of $40,000 to its common shareholders. On November 15, Year 2, Company A declared and distributed a cash dividend of $25,000 to its common shareholders Company A reported net income of $110,000 in its separate statements for the year ended December 31 Year 2 In its separate statements, Company A accounts for its investiment in Company B using the equity method. During Year 2, no shares of common stock were issued and no items of other comprehensive income were recognized either by Company A or by Company B No intraentity transactions occurred during Year 2 Using the information above, prepare Company A's consolidated statement of changes in equity for the year ended December 31, Year 2. Enter in the blank cells below the correct dollar amounts Enter a positive amount for an increase in the consolidated equity balance and a negative amount, in parenthesis, for a decrease in the consolidated equity balance. Note enter a zen if no balance is necessary. Enter amounts with appropriate commas, do no include $ signs or decimal Company A Consolidated Statement of Changes in Equity for the Year Ended December 31, Year 2 Shareholders' Equity Total Equity Retained Earnings Common Stock Additional Paid-in-Capital Noncontrolling Interest January 1, Year 2 Dividends $352,000 (35,000) Net income (loss) 125,000 December 31, Year 21 $442,000 $ 175,000 $ 100,000 $ 150.000 $ 17,000