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The financial information for Over Company and Under Company for the year ended December 31,2020 is below. December 31,2020. Over. under sales (800,000). (500,000) cost

The financial information for Over Company and Under Company for the year ended December 31,2020 is below.
December 31,2020. Over. under
sales (800,000). (500,000)
cost of goods sold 500,000. 300,000
operating expenses. 100,000. 60,000
equity in subsidiary earnings. (104,000)
net income. (304,000). (140,000)

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