POW-i1 Du Jantu 1, 2014, .Tannisun Inc. acquired 00% of Techron Co. by paying $422,000 cash. There is no active trading market for Teclu'on stock. Techron Co. reported a Common Stock account balance of $140,000 and Retained Earnings of $200,000 at that date. The fair value of Techron Co. Teras appraised at $530,000. The total annual amortization was $11,000 as a result of this transaction. The subsidiary earned $00,000 in 2014 and $126,000 in 2015 with dividend payments of $42,000 each year. Withmit regard for this investment, lannison had income of $303,000 in 2014 and $354,000 in 2015. Use the economic unit concept to account for this acquisition. 1. Prepare a proper presentation of consolidated net income for 2014