please help

Highlight, Inc., owns all outstanding stock of Kiort Corporation. The two companies report the following balances for the year ending December 31, 2017: Highlight $(670,000) 540,000 (120,000) Kiort Revenues and interest income $ (390,000) 221,000 (32,000) Operating and interest expense Other gains and losses $(201,000) (250,000) Net income Note: Parentheses indicate a credit balance. On January 1, 2017, Highlight acquired on the open market bonds for $108,000 originally issued by Kiort. This investment had an effective rate of 8 percent. The bonds had a face value of $100,000 and a cash interest rate of 9 percent. At the date of acquisition, these bonds were shown as liabilities by Kiort with a book value of $84,000 (based on an effective rate of 11 percent). Determine the balances that should appear on a consolidated income statement for 2017. Revenues and interest income Operating and interest expense Other gains and losses Net income