On January 1, 2012, Peanut Corporation acquires an 80% interest in Sunny Corporation. Information regarding the income and equity structure of the two companies as of the year ended December 31, 2014, is as follows:

Peanut Corp. Sunny Corp.

Internally generated net income $55,000 $56,000

Common shares outstanding during the year 20,000 12,000

Warrants to acquire Peanut stock, outstanding during the year 2,000 1,000

5% convertible (into Sunny