Question: PLEASE ANSWER PARTS A AND B!!! PLEASE SHOW ALL WORK!!! Gibson acquied 60 percent of Davis on Apil 1, 2021, for $520,000. On that date,

PLEASE ANSWER PARTS A AND B!!! PLEASE SHOW ALL WORK!!!

Gibson acquied 60 percent of Davis on Apil 1, 2021, for $520,000. On that date, equament ownod by Davis (wath a five-year remaining lide) was overvalued by dividend on November 1,2021. a. Propare a consolidated income statement for the year ending December 31, 2021. b. Determine the consolidated balance for each of the following accounts as of December 31, 2021

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