d. Company B sells a machine to Company C on January 1, 2014, for $50,000. Company B’s cost is $70,000, and accumulated depreciation on the date of sale is $40,000. The machine is being depreciated on...

d. Company B sells a machine to Company C on January 1, 2014, for $50,000. Company B’s cost is $70,000, and accumulated depreciation on the date of sale is $40,000. The machine is being depreciated on a straight-line basis over five years.

Prepare the consolidated income statement for 2015, including the distribution of consolidated net income supported by distribution schedules.