On January 1, 2020, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the years 2020 and 2021 follows (credit balances indicated by parentheses): 2020 2021 Abbey Company: Sales $ (683,000 ) $ (1,062,000 ) Operating expenses 446,000 594,000 Intra-entity gross profits in ending inventory (included in above figures) (169,000 ) (237,000 ) Dividend incomeBenjamin Company (9,000 ) (40,500 ) Benjamin Company: Sales (293,000 ) (359,000 ) Operating expenses 124,000 194,000 Dividends paid (10,000 ) (45,000 ) Assume that a tax rate of 21 percent is applicable to both companies