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Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2021 Gibson acquired 60 percent of Davis on April 1, 2021, for $552,600. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $78,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $368,400 Davis earned income evenly during the year but declared the $40,000 dividend on November 1,2021 . a. Prepare a consolidated income statement for the year ending December 31,2021 b. Determine the consolidated balance for each of the following accounts as of December 31, 2021: Goodwill Equibment (net)