Preparing a consolidated income statement-Equity method with noncontrolling interest. AAP. and upstream intercompany depreciabie asset profits privious year, the subsidiacy sold to the parent company a piece of depreciable property. The unconfimed upstream gain on this intercompany transaction wis s3s coos at ine beginning of the consolidation investunent bookheeping. Each company reports the following income satement for the current year 4. Compute the income (losi) front subsidtary of 5126.450 reported by the parent compary in its pre consolidstion income iatement. Do net vase negative bens withyeut answers beiow. b. Prepare the conypidared incorne thatmentit to the crent year. Pegnot ing negative degs wishyou anwers beiow. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers below. Preparing a consolidated income statement-Equity method with noncontrolling interest. AAP. and upstream intercompany depreciabie asset profits privious year, the subsidiacy sold to the parent company a piece of depreciable property. The unconfimed upstream gain on this intercompany transaction wis s3s coos at ine beginning of the consolidation investunent bookheeping. Each company reports the following income satement for the current year 4. Compute the income (losi) front subsidtary of 5126.450 reported by the parent compary in its pre consolidstion income iatement. Do net vase negative bens withyeut answers beiow. b. Prepare the conypidared incorne thatmentit to the crent year. Pegnot ing negative degs wishyou anwers beiow. b. Prepare the consolidated income statement for the current year. Do not use negative signs with your answers below