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Please find the following: -Consolidated Net Income -Controlling interest in consolidated net income -Non-controlling interest in Subsidiary's Net Income -Inventory -Cost of goods sold The

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Please find the following:

-Consolidated Net Income

-Controlling interest in consolidated net income

-Non-controlling interest in Subsidiary's Net Income

-Inventory

-Cost of goods sold

The income statement of Pedro and Penduko are as follows: In Year 1, the intercompany seller sold to the intercompany buyer land costing P500,000. In Year 2, the intercompany buyer sold the land to an unrelated party with a gain on P30,000

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