Solara Corporation is considering investing in Focus Corporation, but is unsure about what level of ownership should be undertaken.Solara and Focus have the following reported incomes:

SolaraFocus

Sales....................................$700,000$400,000

Cost of goods sold.....................430,000236,000

Gross profit...........................$270,000$164,000

Selling and administration expenses310,00098,000

Net Income/(Net Loss).......$(40,000)$66,000

Focus paid $60,000 in cash dividends to its investors.Prepare pro forma income statement for Solara Corporation that compares income under 14%, 27%, and 63% ownership levels