Pineapple Company acquired an 80% interest in Samsung Company for $272,000 cash on January 1, 2018. Samsung had the following Balance Sheet on the date of acquisition: 1. The excess of the price paid over book value is attributable to the Depreciable Fixed Assets, which have a fair value of $260,000. The Depreciable Assets have a 10 year remaining life. 2. Samsung sold a piece of Land to Pineapple for $60,000 on January 1, 2019. It cost Samsung $50,000 to purchase the land. 3. On January 1, 2020, Samsung held merchandise acquired from Pineapple for $20,000. This beginning inventory had an applicable gross profit of 40%. During 2020, Pineapple sold $60,000 worth of merchandise to Samsung. Samsung held $30,000 of this merchandise at December 31, 2020. This ending inventory and an applicable gross profit of 35%. Samsung owed Pineapple $23,000 on December 31, 2020 as a result of these intercompany sales. 4. On January 1, 2020, Pineapple held merchandise acquired from Samsung for $10,000. This beginning inventory had an applicable gross profit of 25%. During 2020, Samsung sold $40,000 worth of merchandise to Pineapple. Pineapple held $6,000 of this merchandise at December 31, 2020. This ending inventory had an applicable gross profit of 30%. Pineapple owed Samsung $11,000 on December 31, 2020 as a result of these intercompany sales. 5. On January 1, 2017, Samsung received $48,055 for $50,000 of 8%, 5 year bonds it issued when the market rate was 9%. When Pineapple purchased these bonds for $47,513 on January 1, 2019, the market rate was 10%. Both companies use the Effective Interest method to amortize the premium/discount on the bonds. Pineapple and Samsung had the following trial balances on December 31, 2020: Balance Pineapple Samsung Accounts receivable 125,000 85,000 Inventory 6,000 30,000 Depreciation fixed assets 400,000 200,000 Accumulated depreciation (130,000) (40,000) Land 60,000 Investment Subsidiary 272,000 Investment Subsidiary Bonds 49,090 Good will 10,000 Accounts Payable (80,000) Bonds Payable (50,000) Discount on Bonds Payable 459 Common Stock (300,000) (100,000) Retained Earning Jan 1 (348,264) (134,880) Sales (200,000) (100,000 Expense 160,000 85,000 Interest Revenue (4826) Interest Expense 4,421 Dividends Income (from Subsidiary) (8,000) Dividends Declared 10,000 Totals 0 0 Prepare the following and complete the worksheet for Consolidated Financial Statements for the year ended December 31, 2020. Prepare all supporting schedules round computations to the nearest dollar.