This is a Managerial Accounting Problem Set. Complete the following problem sets. Please provide the steps to the solution of the problem as well as the final answer.

Managerial Accounting Problem Set Question 1. Cordova Company had the following income statements for 20X1 and 20X2: QUESTION 2. Lowery is theworld's largest producer of accessories for outdoor power equipment. Its 2011 annual report to stockholders included the following data(in millions): QUESTION 3. California Wind Company(the parent) acquired 100% of the common stock of Hot Top Development (the subsidiary) for $250,000 on January 2, 20X1. Their financial statements follow: QUESTION 4 The Foxton Manufacturing Company's fiscal year ends on December 31. The company had the following items on its 20X1 income statement and balance sheet(in millions): Requirement 1. Prepare Foxton's consolidated 20X1 income statement and its consolidated balance sheet for December, 31, 20X1. (Enter all amounts in millions except earnings per share. Round earnings per share to the nearest (cent.) QUESTION 5 QUESTION 6 The following list was prepared by the accounting supervisor for Kasay Building Supply: QUESTION 7