Sales revenue Cost of goods sold. Gross profit... Expenses. Solvent Company 20x120x2 $250,000 $300,000 150,000 180,000 $100,000 $120,000 45,000 _56,000 $ 55,000 $04,000 Painter Company 20x120x2 $500,000 $540,000 310,000 360,000 $190,000 $180,000 120,000 125,000 $ 70 000 $ 55,000 Net income Solvent sells at the same gross profit percentage to all customers. During 20X1, Solvent sold ods to Painter for the first time in the amount of $100,000 $20,000 of these sales remained To Painters ending inventory. During 20x2, sales to Painter by Solvent were $110,000, of which 530,000 sales were still in Painter's December 31, 20X2, inventor Prepare consolidated income statements including the distribution of income to the con trolling and noncontrolling interests for 20X1 and 20X2 Sales revenue Cost of goods sold. Gross profit... Expenses. Solvent Company 20x120x2 $250,000 $300,000 150,000 180,000 $100,000 $120,000 45,000 _56,000 $ 55,000 $04,000 Painter Company 20x120x2 $500,000 $540,000 310,000 360,000 $190,000 $180,000 120,000 125,000 $ 70 000 $ 55,000 Net income Solvent sells at the same gross profit percentage to all customers. During 20X1, Solvent sold ods to Painter for the first time in the amount of $100,000 $20,000 of these sales remained To Painters ending inventory. During 20x2, sales to Painter by Solvent were $110,000, of which 530,000 sales were still in Painter's December 31, 20X2, inventor Prepare consolidated income statements including the distribution of income to the con trolling and noncontrolling interests for 20X1 and 20X2