Amiel Company reported sales revenue of $20.3 million and expenses of $11.1 million in 20X1, excluding the

Question:

Amiel Company reported sales revenue of $20.3 million and expenses of $11.1 million in 20X1, excluding the results of its 80%-owned subsidiary, Talia Company. Talia had $7.0 million of sales revenue and $3.0 million of expenses in 20X1. Ignore income taxes.

Required:

Prepare Amiel’s consolidated income statement for 20X1.

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