The following are the financial statements of O'Sullivan Corp. and its subsidiary Rabb Ltd$.$ for Year $6$: Additional Information

The notes payable are intercompany.

Required:

$($a$)$ Prepare the Year $6$ consolidated financial statements. $($Input all values as positive numbers. Leave no cells blank $-$ be certain to

enter $"$O$"$ wherever required. Round your intermediate computations to nearest whole dollar value. Omit $ sign in your response.

The balance sheet total may vary due to rounding.$)$ Answer is complete but not entirely correct.$\backslash$table$[[\backslash$table$[[$Foxx Corp.$],[$Consolidated Balance Sheet$],[$At December $31,$ Year $6]]],[$Assets$],[$Cash$,$O$\backslash$Phi $,86,200\backslash$times $],[$Accounts receivable,:$\text{'},125,000\backslash$times $],[$Notes receivable,$0,112,000\backslash$times $],[$Inventory$,0,136,000\backslash$times $],[$Land$,,204,000\backslash$times $],[$Equipment$,,193,000\backslash$times $],[$Goodwill$,$:$\text{'},31,814\backslash$times $],[,],[$Liabilities and Equity$],[$Accounts payable,O$,60,000\backslash$times $],[$Notes payable,$0,140,000$x$],[$Non$-$controlling interest,$0,49,140\backslash$times $],[$Common shares,O$,150,000\backslash$times $],[$Retained earnings,$0,208,092$x$],[,280,782\backslash$times $],[,$$$,888,014]]$O$\text{'}$Sullivan Corp. purchased $75\%$ of the outstanding shares of Rabb Ltd$.$ on January $1,$ Year $3,$ at a cost of $$214,200.$ Non$-$controlling

interest was valued at $$75,000$ by an independent business valuator at the date of acquisition. On that date, Rabb had common shares

of $$70,000$ and retained earnings of $$50,000.$ Fair values were equal to carrying amounts for all the net assets except the following:

The equipment had an estimated remaining useful life of six years on January $1,$ Year $3,$ and the software was to be amortized over ten

years. Foxx uses the cost method to account for its investment. The testing for impairment at December $31,$ Year $6,$ yielded the

following fair values:

The impairment loss on these assets occurred entirely in Year $6.$ Amortization expense is grouped with administrative expenses, and

impairment losses are grouped with miscellaneous expenses. The parent's share of the goodwill noted above is $$92,902.$