Exercise $7-4($Static$)$ Intercompany Services LO $7-1,7-2$

Power Corporation owns $75$ percent of Swift Company$$s stock. Swift provides health care services to its employees and those of Power. During $20$X$2,$ Power recorded $ $45,000$ as health care expense for medical care given to its employees by Swift. Swift$$s costs incurred in providing the services to Power were $ $32,000.$

Note: Leave no cells blank, enter $"0"$ wherever required.

Required:

By what amount will consolidated net income change when the intercompany services are eliminated in preparing Power$$s consolidated statements for $20$X$2?$