Question: I need help with the following question. It is very confusing for me. Thank you!! QUESTION 2 (6 Marks) Following is the organizational structure of

I need help with the following question. It is very confusing for me. Thank you!!

QUESTION 2 (6 Marks) Following is the organizational structure of the Parsley Group ofCompanies (percentages indicate each company's ownership of the subsidiary): Parsley Corporation 75% Sage Ltd. 85% Saffron Inc. 90% Sesanw Corp. 65% salt Ltd. 900/0 Sugar Ltd. For the fiscal year ended December 3 1, 2020, each company reported the following net incomes: Parsley Corporation Sage Ltd. Salt Ltd. Sugar Ltd. Saffron Inc. Sesame Corp. REQUIRED: 830,000 600,000 400,000 200,000 100,000 Assuming there were no intercompany transactions during the year, calculate the total net income attributable to Parsley for the fiscal year ended December 31, 2020. (6 Marks)

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