unker company purchases an 80 interest in the common stock of fennig company for 850000 on january 1 2017/

Fennig Company sells goods to Dunker Company for $50,000. Dunker Company has $20,000 of Fennig Company goods in its beginning inventory and $6,000 of Fennig goods in it sending inventory. Fennig Company sells goods to Dunker Company ata gross profit of 40%.
Dunker Company sells a new machine to Fennig Company on January 1, 2019, for $30,000. The machine has a 5-year life, and its cost is $25,000. The companies file separate tax returns. Both are subject to a 30% tax rate. Dunker receives an 80% dividend deduction.
Required
Prepare a consolidated income statement for 2019. Include income distribution schedules for both companies.