The parent company owns 70% of the common stock of Company S-1 and 60% of the common stock of Company S-2. The balances as of December 31, 20X4, in the condensed accounts follow: (S In thousands) S-1 320,000 80,000 100,000 Parent S-2 Sales in 20X4 Investment in subsidiaries Other assets Liabilities to creditors Expenses in 20X4 Stockholders' equity, including current net income 58,000 152,000 90,000 110,000 20,000 300,000 90,000 100,00070.000 20,000 5,000 90,000 15,000 Accounted for using the equity method Prepare a consolidated balance sheet as of December 31, 20X4, and a consolidated income statement for 20X4 ($ in millions of dollars). Assume none of the companies sold items to each other