The following nominal accounts apply to a primary beneficiary company and a VIE: The fair value of the VIE assets had a fair value $100,000 higher than book value on the date control was achieved....

The following nominal accounts apply to a primary beneficiary company and a VIE:

The fair value of the VIE assets had a fair value $100,000 higher than book value on the date control was achieved. The asset adjusted had a 5 year life.

The VIE agrees to distribute a share of its income to the primary beneficiary equal to 10% of sales revenue and service fees.

Prepare income distribution schedules for the Primary and VIE Companies.