Preparing a consolidated income statement-Cost method with noncontrolling interest, AAP and upstream and downstream intercompany inventory profits a. Starting with the parent's current-year pre-consolidation net income of $727,000, compute the amount of current-year net income attributable to the parent that will be reported in the consolidated financial statements Do not use negative signs with your answers below. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers belowh. Preparing a consolidated income statement-Cost method with noncontrolling interest, AAP and upstream and downstream intercompany inventory profits a. Starting with the parent's current-year pre-consolidation net income of $727,000, compute the amount of current-year net income attributable to the parent that will be reported in the consolidated financial statements Do not use negative signs with your answers below. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers belowh. Preparing a consolidated income statement-Cost method with noncontrolling interest, AAP and upstream and downstream intercompany inventory profits a. Starting with the parent's current-year pre-consolidation net income of $727,000, compute the amount of current-year net income attributable to the parent that will be reported in the consolidated financial statements Do not use negative signs with your answers below. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers belowh. Preparing a consolidated income statement-Cost method with noncontrolling interest, AAP and upstream and downstream intercompany inventory profits a. Starting with the parent's current-year pre-consolidation net income of $727,000, compute the amount of current-year net income attributable to the parent that will be reported in the consolidated financial statements Do not use negative signs with your answers below. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers belowh