THIS IS A CONTINUATION OF THE 90\% PROBLEM It is now December 31st 2022 and the 2 companies have the following financial statements: note: the only stock transaction for Voldomort was the purchase of Dumbledore \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ note: the only stock transaction for Voldomort was the purchase of Dumbledore } \\ \hline & & Dumbledore & Voldomort & WSD & WSC & CONSOLIDATED & \\ \hline cash & & 65000 & 550000 & & & & 1 \\ \hline \multicolumn{2}{|l|}{ accounts receivable } & 40000 & 500000 & & & & 2 \\ \hline inventory & & 50000 & 550000 & & & & 3 \\ \hline equipment & & 40000 & 110000 & & & & 4 \\ \hline \multicolumn{2}{|c|}{ accumulated dep. Equipment } & 18000 & 42000 & & & & 5 \\ \hline Building & & 100000 & 200000 & & & & 6 \\ \hline \multicolumn{2}{|c|}{ accumulated dep. Building } & 20000 & 60000 & & & & 7 \\ \hline land & & 90000 & 800000 & & & & 8 \\ \hline \multicolumn{2}{|c|}{ Investment in Dumbledore } & 0 & A & & & & 9 \\ \hline \multirow[t]{2}{*}{ total assets } & & 347000 & B & & & & 10 \\ \hline & & & & & & & 11 \\ \hline \multirow[t]{2}{*}{ accounts payable } & & 30000 & 300000 & & & & 12 \\ \hline & & & & & & & 13 \\ \hline \multicolumn{2}{|c|}{ common stock \$1 par } & 10000 & 150000 & & & & 14 \\ \hline apic & & 90000 & 1950000 & & & & 15 \\ \hline \multirow[t]{10}{*}{ retained earnings } & & 217000 & C & & & & 16 \\ \hline & & & & & & & 17 \\ \hline & & Income Statement & & & & & 18 \\ \hline & sales & 100000 & 900000 & & & & 19 \\ \hline & cogs & 40000 & 400000 & & & & 20 \\ \hline & gross profit & 60000 & 500000 & & & & 21 \\ \hline & dep exp equip & 8000 & 22000 & & & & 22 \\ \hline & dep exp bldg & 10000 & 20000 & & & & 23 \\ \hline & invest income & 0 & D & & & & 24 \\ \hline & net income & 42000 & E & & & & 25 \\ \hline \end{tabular}