P Corporation owns 80% of the outstanding stock of S Company, having acquired its interest at book value when S Company was incorporated on January 2, 2022. Comparative statement of Cl for P and S for 2022 and 2023 are as follows: Additional information 1. P Corporation uses the cost method of accounting for its investment in S. 2. The P10,000 gain relates to equipment sold to S on January 2,2022 . S still held the equipment on December 31 , 2023 and depreciating it at the rate of 20% per year. The P5,000 gain relates to land sold to P on January 2,2023. 3. Intercompany sales and inventory data for 2022 and 2023 are as follows: Required: Prepare comparative 2022 and 2023 consolidated statement of Cl for P Corporation and Subsidiary S Company. You may present cost of goods sold in single line. P Corporation owns 80% of the outstanding stock of S Company, having acquired its interest at book value when S Company was incorporated on January 2, 2022. Comparative statement of Cl for P and S for 2022 and 2023 are as follows: Additional information 1. P Corporation uses the cost method of accounting for its investment in S. 2. The P10,000 gain relates to equipment sold to S on January 2,2022 . S still held the equipment on December 31 , 2023 and depreciating it at the rate of 20% per year. The P5,000 gain relates to land sold to P on January 2,2023. 3. Intercompany sales and inventory data for 2022 and 2023 are as follows: Required: Prepare comparative 2022 and 2023 consolidated statement of Cl for P Corporation and Subsidiary S Company. You may present cost of goods sold in single line