Refer to the information in the INSTRUCTIONS about MomCorp and KidCorp. Prepare the income statement section of the consolidation worksheet as of December 31, 20X9.

On January 1, 20X8, MomCorp acquired 80 percent of KidCorp's ownership for $120 cash. At that date, the fair value of the noncontrolling interest was $30. The book value of KidCorp's net assets at acquisition was $125. The book values and fair values of KidCorp's assets and liabilities were equal, except for buildings, which were worth $15 more than book value. Buildings are depreciated on a 10-year basis. Although goodwill is not amortized, the management of MomCorp concluded at December 31, 20X8, that goodwill from its acquisition of KidCorp shares had been impaired and the correct carrying amount was $5. No additional impairment occurred in 20X9. Trial balance data for MomCorp and KidCorp on December 31, 20X9, are as in the table below. Parent/ debit Sub/ debit Parent/ credit Sub/ credit cash 390 135 150 300 144.8 295 0 161 30 15 40 10 building Invest in sub Cost of goods sold Depreciation expense Dividends declared Accumulated depreciation Accounts payable Common stock Retained earnings sales Income from sub 36 150 300.8 150 181 85 100 50 400 200 18