Parent purchased $100\%$ of Sub Co on $\frac{1}{1}\frac{?}{x3}$ for $$200,000$; at this time, the sub's net asset value equaled fmx except for inventory $(+5,000),$ customer list life$)$ and equipment $,10$ vear life$).$ The inventory was sold in the first year after the merger. Below are the financial statements for the parent and sub on $12/31/$x$3.$ Prepare Full F$/$S $($Income statement, statement of $\frac{R}{E},$ and $\frac{B}{S})$ for the consolidated company on Dec $31,203.$

$\backslash$table$[[,$Parent,Sub,Adjustments,Consolldated$],[$Income Statement$],[$Sales$,$$$866,000,$$$90,000,,],[$COGS$,(520,000),(55,000),,],[$Gross Margin,$346,000,35,000,,],[$Investment Income,$14,000,,,],[$Depreciation Expense,$(84,000),(5,000),,],[$Other Operating Exp,$(45,000),(8,000{)}_{?},,],[$Net Income,$$231,000,$$$22,000,,],[\frac{R}{E}$ Statement$],[$Beginning$,$$$210,000,25,000,,],[$Net Income,$231,000,22,000,,],[$Dividend Declared,$(50,000),(10,000),,],[$Ending $\frac{R}{E},$$$391,000,37,000,,],[$Balance Sheet$],[$Cash & Receivables,$$30\mathrm{.}000,$$$26,000,,],[$Investment in Sub,$204,000,,,],[$Inventory$,50,000,30,000,,],[$Land$,250,000,,,],[$Equipment $($net$),76,000,160,000,,],[$Total Assets,$$610,000,$$$216,000,,],[\frac{A}{P},69,000,4,000,,],[$Loan due in $10$ years,,$45,000,,]]$

$\backslash$table$[[$Total liabilities,$69,000,49,000,,],[$Common Stock,$50,000,30,000,,],[$Add$\text{'}$l paid in capital,$100,000,100,000,,],[$R$/$E$,391,{000}_{?},37,{000}_{?},,],[$Total Equity,$541,{000}_{?},167,{000}_{?},,],[$Totals$,$$$610,000,$$$216,000,,]]$