Problem #$3(15$ points$)$

On January $1,2016,$ Parent Company purchased $80\%$ of the common stock of Subsidiary Company for $$316,000.$ On this date, Subsidiary had common stock, other paid$-$in capital, and retained earnings of $$40,000,$$$120,000,$ and $$190,000,$ respectively. Net income and dividends for $2$ years for Subsidiary Company were as follows:

Net income

Dividends

$\backslash$table$[[{2016}_{?},{2017}_{?}$