Student F is preparing consolidated financial statements for a parent company and its subsidiary. Given the following information:

• Parent Company's Investment in Subsidiary: $200,000
• Subsidiary's Net Income: $50,000
• Dividends Paid by Subsidiary: $10,000
• Fair Value of Subsidiary's Identifiable Net Assets: $300,000 Prepare the consolidated Income Statement, Balance Sheet, and Cash Flow Statement using the equity method.