Vinti operainy expenses Interest income Interest expense Net income Consolidated net income 51,000 UJ, JUU (25,200)...

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Vinti operainy expenses Interest income Interest expense Net income Consolidated net income 51,000 UJ, JUU (25,200) 0 0 40,500 $ (162,950) $ (34,500) 0 $ 0 to noncontrolling interest to Pikes $ 0 Retained earnings, 1/1 Net income $ (1,383,000) $ (55,000) Dividends declared (162,950) 78,000 (34,500) 0 Retained earnings, 12/31 $ (1,467,950) $ (89,500) $ 0 Current assets $ 435,000 $ 88,000 0 Loan receivable from Venti 315,000 0 $ 0 Equipment (net) 810,000 542,000 Trademark 0 140,000 Total assets $ 1,560,000 $ 770,000 $ 0 Current liabilities (42,050) (107,000) Loan payable to Pikes Other long-term debt Common stock Noncontrolling interest 0 (315,000) 0 0 (243,500) (50,000) (15,000) 0 0 Retained earnings, 12/31 (1,467,950) (89,500) Total liabilities and equity $ (1,560,000) $ (770,000) 0 0 0 $ 0 Vinti operainy expenses Interest income Interest expense Net income Consolidated net income 51,000 UJ, JUU (25,200) 0 0 40,500 $ (162,950) $ (34,500) 0 $ 0 to noncontrolling interest to Pikes $ 0 Retained earnings, 1/1 Net income $ (1,383,000) $ (55,000) Dividends declared (162,950) 78,000 (34,500) 0 Retained earnings, 12/31 $ (1,467,950) $ (89,500) $ 0 Current assets $ 435,000 $ 88,000 0 Loan receivable from Venti 315,000 0 $ 0 Equipment (net) 810,000 542,000 Trademark 0 140,000 Total assets $ 1,560,000 $ 770,000 $ 0 Current liabilities (42,050) (107,000) Loan payable to Pikes Other long-term debt Common stock Noncontrolling interest 0 (315,000) 0 0 (243,500) (50,000) (15,000) 0 0 Retained earnings, 12/31 (1,467,950) (89,500) Total liabilities and equity $ (1,560,000) $ (770,000) 0 0 0 $ 0