On January 1, Year 4, Goodkey Co. acquired all of the common shares of Jingya. The condensed income statements for the two companies for January, Year 5, were as follows: Sales Gain on sale of equipment Other income Depreciation expense Other expenses Income tax expense Net income Goodkey $10,100,000 810,000 Jingya $ 6,010,000 242,000 51,000 10,910,000 6,303,000 460,000 6,610,000 1,983,000 9,053,000 181,000 4,310,000 543,600 5,034,600 $ 1,857,000 $ 1,268,400 The following transactions occurred in January, Year 5, and are properly reflected in the income statements above: On January 1, Year 5, Jingya sold equipment to Goodkey for $1,010,000 and reported a gain of $242,000. On this date, the equipment had a remaining useful life of four years. On January 31, Year 5, Jingya paid a dividend of $610,000. Goodkey uses the cost method to account for its investment in Jingya. Both companies pay income tax at the rate of 40%. Required: (a) Prepare a consolidated income statement for January, Year 5. (Input all values as positive numbers. Leave no cells blank - be certain to enter "O" wherever required. Do not round your intermediate calculations. Round your final answer to nearest whole dollar. Omit $ sign in your response.) Goodkey Co. Consolidated Income Statements For month ended January 31, Year 5 Sales Gain on sale of equipment Other income Depreciation expense Other expenses Income tax expense Year 5 $ 16110000 251000 16361000 635958 10920000 2427783 x 2377259 x $ 2377259 Net income Attributable to: Shareholders of Parent Noncontrolling interest $ 2377259