Required: (a) Prepare consolidated financial statements on December 31, Year 6 . (Input all values as positive numbers.) On January 2, Year 4, Brady Ltd., a private company, purchased 80% of the outstanding shares of Partridge Ltd, for $4,720,000. Partridge's statement of financial position and the fair values of its identifiable assets and liabilities for that date were as follows: The patents had a remaining useful tife of ten years on the acquisition date. The bonds were issued on January 1, Year 2, and mature on December 31, Year 13. Goodwill impairment losses were as follows: - Year 4:$43,000 - Year 6:\$29.000 Partridge deciared and paid dividends of $130,000 in Year 6. Brady uses ASPE for reporting purposes, it elected to use the straight-line method to amortize any premium or discount on bonds payable. On December 31, Year 6 , the financial statements of the two companies were as follows: Brady Ltd: Conaolidated Statement of Financial Position December 31, Year 6 Assets \begin{tabular}{|c|c|c|} \hline Asse & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & $ & 0 \\ \hline Liabilitio & & \\ \hline 7 & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & $ & 0 \\ \hline \end{tabular} Brady uses ASPE for reporting purposes. It elected to use the straight-line method to amortize any premium or discount on bonds payable. On December 31, Year 6 , the financial statements of the two companies were as follows