Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section. I hope you can help me and surely I will give you full positive feedback.

Pluto Corporation owns 80% of the outstanding stock of Star Company, having acquired its interest at book value when Star Company was incorporated on January 2, 2016. Comparative statement of Consolidated Income for Pluto and Star for 2016 and 2017 are as follows: 2014 2017 Pluto Star Pluto Star Statement of Consolidated Income Sales P500,000 P200,000 P400,000 P250.000 Gain on sale of equipment 10,000 Gain on sale of land 5,000 Dividend Income 40.000 40.000 Total Revenue P550.000 P200.000 P640.000 P255.000 Cost of goods sold: Inventory, 1/1 80,000 40,000 70,000 50,000 Purchases 300,000 100,000 400,000 120,000 Goods available for sale 980,000 140.000 470.000 170,000 Inventory, 12/31 70.000 50.000 90.000 60.000 Cost of goods sold 310.000 90,000 380.000 110.000 Gross Profit 240,000 110,000 240,000 145.000 Operating expenses 80.000 60,000 100.000 80.000 CONSOLIDATED INCOME P140.000 P 50.000 P140.000 P 45.000 Additional information 1. Pluto Corporation uses the cost method of accounting for its investment in Star. 2. The P10,000 gain relates to equipment sold to Star on January 2, 2016. Star still held the equipment on December 31, 2017 and depreciating it at the rate of 20% per year. The P5,000 gain relates to land sold to Pluto on January 2, 2017. 3. Infercompany sales and inventory data for 2016 and 2017 are as follows: 2016 2017 Sales by Pluto to Star P40,000 Sales by Star to Pluto P50,000 Unrealized profit in Star's Dec. 31, inventory P8,000 Unrealized profit in Pluto's Dec. 31, inventory P10,000 Required: Prepare comparative 2016 and 2017 consolidated statement of Cl for Pluto Corporation and Subsidiary Star Company. You may present cost of goods sold in single line