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Scott Company Owns 100 Percent of the Stock of Roanoke

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Scott Company owns 100 percent of the stock of Roanoke Company.The separate income statements for the two companies for the year ended December 31,2013,are provided below.Scott Company sold a product to Roanoke Company for $56,000,and Roanoke Company sold it to a customer for $80,000.Roanoke paid Scott $6,000 interest on a loan from Roanoke.Complete the work sheet by providing the amounts for the Eliminations columns and the Consolidated Income Statement column.
Scott Company owns 100 percent of the stock of Roanoke Company.The separate income statements for the two companies for the year ended December 31,2013,are provided below.Scott Company sold a product to Roanoke Company for $56,000,and Roanoke Company sold it to a customer for $80,000.Roanoke paid Scott $6,000 interest on a loan from Roanoke.Complete the work sheet by providing the amounts for the Eliminations columns and the Consolidated Income Statement column.

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