Parent acquired 90% of the Subsidiarys stock for $60,000 in cash on January 1, 2017, when Subsidiarys book value was $20,000. The fair value of the noncontrolling interest was $4,000.

At the time of acquisition, all of Subsidiarys assets and liabilities were reported at fair value, except for PP&E which had a book value of $10,000 and a fair market value of $20,000 and a remaining useful life of 10 years.

Subsidiary continuously sells inventory to Parent.

	Inventory Sales	GP on Unsold Inventory @ EOY	I/C AR/AP
2020	$6,000	1,500	$1,000
2019	$8,000	5,000	$2,000

Complete the 10 numbered boxes in the consolidation as of December 31, 2010

Do no use $, .xx, OR abbreviated numbers. Be sure to show the proper presentation in the Consolidated Totals. In the Consolidation Entries column do NOT use Dr. or Cr. Or show as negatives.