Posada, Inc., acquires 70 percent of Morey Company for $210,000. The remaining 30 percent of Morey outstanding shares continue to trade at a collective value of $87,000. On the acquisition date, Morey has the following accounts: The buildings have a 10-year life. In addition, Morey holds a patent worth $70,000 that has a five year life but is not recorded on its financial records. At the end of the year, the two companies report the following balances: Required: a) Assume that the acquisition took place on January 1. What figures would appear in a consolidated income statement for this year? b) Assume that the acquisition took place on April 1. Morey revenues and expenses occurred uniformly throughout the year. What amounts would appear in a consolidated income statement for this year