Sugar Company owns 100 percent of the stock of Spice Company.The separate income statements for the two companies for the year ended December 31,2010,are provided below.Sugar Company sold a product to Spice Company for $28,000,and Spice Company sold it to a customer for $40,000.Spice paid Sugar $3,000 interest on a loan from Sugar.Complete the work sheet by providing the amounts for the Eliminations columns and the Consolidated Income Statement column.
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