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ProForm acquired 60 percent of ClipRite on June 30, 2017, for $1,380,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $700,000 was recognized and is being amortized at the rate of $21,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $920,000 at the acquisition date. The 2018 financial statements are as follows: ProForm ClipRite Sales Cost of goods sold Operating expenses Dividend income (1,050,000) (1,100,000) 660,000 350,000 525,000 225,000 60,000) (100,000) Net income (350,000) Retained earnings, 1/1/18 Net income Dividends declared (3,400,000) (1,100,000) (350,000) (100,000) 350,000 100,000 $(3,150,000) (1, 350,000) Retained earnings, 12/31/18 Cash and receivables Inventory Investment in ClipRite Fixed assets Accumulated depreciation S650,000 550,000 540,000 1,380,000 2,400,000 950,000 1,850,000 $2,550,000 600,000) (800,000) $4,370,000 Totals Liabilities Common stock Retained earnings, 12/31/18 $ (720,000) (700,000) (500,000) (500,000) (3,150,000)(1.350.00 $(4,370,000) Totals (2,550,000) ClipRite sold ProForm inventory costing $94,000 during the last six months of 2017 for $340,000. At year-end, 30 percent remained ClipRite sells ProForm inventory costing $325,000 during 2018 for $500,000. At year-end, 10 percent is left. With these facts, determine the consolidated balances for the following Consolidated Balance Sales Cost of goods sold Operating expenses Dividend income Net income attributable to noncontrolling interest Inventory Noncontrolling interest in subsidiary, 12/31/18

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