On December 31, Year 1, Company AAA Corporation purchases 1005 of Company BBB, Inc. Please prepare consolidated financial statements. Instruction:

[1] prepare a statement of consolidation [2] provide a paragraph of your explanation related your analysis.

	Company AAA	Company BBB	Consolidated
Revenue	$ 25,313	$ 23,331
Overhear Expenses	(5,035)	(4,358)
Depreciation Expenses	(2,745)	(2,607)
Investment Income	50,000	--
Net Income	$ 67,533	$ 16,366
Cash	$ 3,337	$ 2,317
Short-term investment	2,628	1,440
Accounts Receivable	3,117	3,132
Inventories	3,434	3,222
Deferred Income taxes	308	262
Prepaid expenses	802	857
Assets of Discontinued operations	--	615
Total Current Assets	$ 13,626	$ 11,845
Property, plant and equipment	2,452	2,209
Intangible assets	382	370
Good will	131	131
Deferred income taxes	993	910
Total Assets	$ 17,584	$ 15,465
Current liabilities	$ 57	$ 49
Notes payable	121	108
Accounts payable	1,646	1,549
Accrued liabilities	1,986	1,941
Income tax payable	98	65
Liabilities of discontinued operations	18	170
Total Current Liabilities	$ 3,926	$ 3,882
Long term debt	1,210	228
Other liabilities	1,292	974
Common Stock	3	3
Treasure stock	5,184	4,641
Preferred stock	274	149
Retained Earning	5,695	5,588
Total Liabilities and Shareholders Equity	$ 17,584	$ 15,465