to prepare consolidated financial entry.and how much total assets and noncontrol interest, would be reported on the consolidated financial statement

Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2013 Gibson Davis Sales Cost of goods sold Operating expenses .. . Dividend income $ (600,000) (300,000) 140,000 60,000 300,000 174,000 (24,000) S (150,000) (100.000) (700,000) (400,000) 150,000) (100,000) 40,000 (770,000) (460.000) 248,000 100,000 190,000 Net income Retained earnings, 1/1/13 Net income Dividends paid 80,000 Retained earnings, 12/31/13 Cash and receivables Inventory Investment in Davis Buildings (net) Equipment (net) 500,000 528,000 524,000 400,000 600,000 400,000 2,200,000 $1,290,000 Total assets Liabilities Common stock Retained earnings, 12/31/13 (800,000) (490,000) 630,000) (340,000) (770,000)(460,000) $(2,200,000) (1,290.000) Total liabilities and stockholders' equity Gibson acquired 60 percent of Davis on April 1, 2013, for $528,000. On that date, equip- ment owned by Davis (with a five-year remaining life) was overvalued by $30,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $352,000. Davis earned income evenly during the year but paid the entire dividend on November 1, 2013