The comparative consolidated income statements of a parent and its 75%-owned subsidiary were prepared incorrectly as at December 31 and are shown in the table given below. The following items were overlooked when the statements were prepared: - The Year 5 gain on sale of assets resulted from the subsidiary selling equipment to the parent on September 30 . The parent immediately leased the equipment back to the subsidiary at an annual rental of $26,400. This was the only intercompany rent transaction that occurred each year. The equipment had a remaining life of five years on the date of the intercompany sale. - The Year 6 gain on sale of assets resulted from the January 1 sale of a building, with a remaining life of seven years, by the subsidiary to the parent. - Both gains were taxed at a rate of 40%. Required: Prepare correct consolidated income statements for Years 5 and 6 . (Input all values as positive numbers. Leave no cells blank - be certain to enter zero wherever required. Omit $ sign in your response.)