Using the following balance sheet and income statement, answer the questions below.

Consolidate the financial statements using the temporal method for 2018.

Balance sheet	2018
Cash	100
A/R	700
Inventory	1500
Total current asset	2400
Fixed asset	2950
Accumulated depreciation	-2100
Total assets	3250
A/P	750
Current debt	350
Long-term debt	1600
Total liabilities	2700
Retained earnings	200
Common stock	350
Total liability and shareholder's equity	3250

Income statement	2018
Revenue	5000
COGS	-2900
Gross margin	2100
Other expense	-600
Depreciation	-700
Income before taxes	800
Tax (40%)	-320
Profit after tax	480
Translation gain/losses
Net income	480
Less dividends - January	-60
Less dividends - Oct	-60
Addition to Retained earnings	-30

Note:

- January 3rd, 2018: $0.6255/

- October 23rd, 2018: $0.72/

- December 31st, 2018: $0.68/

- December 31st, 2017: $0.85/

- Dividends of 60 were paid on January 3rd, and 60 on October 23rd, 2018.

- Average for 2018: $0.65/

- Historical rate for equity: $0.66/

- Retained earnings under temporal method for 2017 is $490 (beginning retained earnings for 2018)

Thank you!