Prepare a consolidated income statement

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Reference no: EM1312435

Prepare a consolidated income statement from the given data.

Consolidated Income Statement of Big For the year ended 2006
Particulars	Big	Little
Sales	$862,000	$366,000
COGS	515,000	209,000
Expenses	186,600	67,000
Total Expenses	701,600	276,000
Net Income	$160,400	$90,000

Reference no: EM1312435

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