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Why-Require B-saying not-correct? Give me correct answer pleaseth Following are the individual financial...

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Accounting

Why-Require B-saying not-correct? Give me correct answer pleaseth
Following are the individual financial statements for Gibson and Davis for the year ending December 31,2024:
Gibson acquired 60 percent of Davis on April 1,2024, for $595,350. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $39,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $396,900. Davis earned income evenly during the year but declared the $40,000 dividend on November 1,2024.
Required:
a. Prepare a consolidated income statement for the year ending December 31,2024.
b. Determine the consolidated balance for each of the following accounts as of December 31,2024:
Goodwill
Equipment (net)
Common stock
Buildings (net)
Dividends declared
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Prepare a consolidated income statement for the year ending December 31,2024.
Note: Enter all amounts as positive values.
\table[[Consolidated Income Statement],[For the Year Ending December 31,2024],[Sales,0,,$,1,137,500
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