Prepare a consolidated income statement from the given data.
|
Consolidated Income Statement of Big
For the year ended 2006
|
|
Particulars
|
Big
|
Little
|
|
Sales
|
$862,000
|
$366,000
|
|
COGS
|
515,000
|
209,000
|
|
Expenses
|
186,600
|
67,000
|
|
Total Expenses
|
701,600
|
276,000
|
|
Net Income
|
$160,400
|
$90,000
|