Revenues Cost of goods sold Operating expenses Equity in earnings of Rio Grande Individual company net income Consolidated net income Noncontrolling interest in consolidated net income Consolidated net income attributable to Austin Austin $ (716,000) 416,000 Rio Grande $ (516,000) 284,000 86,000 Consolidated $ (1,232,000) 700,000 227,000 116,000 (96,800) $ (280,800) $ (146,000) $ (305,000) (24,200) $ (280,800)