Wealthy Manufacturing Company purchased 30 percent of the voting shares of Diversified Products Corporation on March 23,204. On December 31,208. Wealthy Manufacturing's controller attempted to prepare income statements and retained earnings statements for the two companies using the following summarized 208 data: Wealthy Manufacturing uses the equity method in accounting for its investment in Diversified Products. The controller was also aware of the following specific transactions for Diversifled Products in 208, which were not included in the preceding data: 1. Diversified sold its entire Health Technologies division on September 30,208, for $382,000. The book value of Health Technologies division's net assets on that date was $319,000. The division incurred an operating loss of $31,000 in the first nine months of 208. 2. During 208, Diversified sold one of its delivery trucks after it was involved in an accident and recorded a gain of $15,000. Required: a. Prepare an income statement and retained earnings statement for Diversified Products for 20X8. (Amounts to be deducted and loss amounts should be indicated by a minus sign.) Required: a. Prepare an income statement and retained earnings statement for Diversified Products for 208. (Amounts to be deducted and loss ambunts should be indicated by a minus sign.) b. Prepare an income statement and retained earnings statement for Wealthy Manufacturing for 20x8. (Amounts to be deducted and loss amounts should be indicated by a minus sign.)