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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 $600,900. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $69,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $400,600. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a consolidated income statement for the year ending December 31,2021 . (Enter all amounts as positive values.)