Benson acquired 70 percent of Broadway on June 30, 2009. Based on Broadway’s acquisition-date fair value, an intangible of $300,000 was recognized and is being amortized at the rate of $10,000 per year. The 2010 financial statements are as follows: LO8 Benson Broadway Sales.

. $ (800,000)

$ (600,000)

Cost of goodssold.

. 535,000 400,000 Operating expenses.

. 100,000 100,000 Dividend income.

....... (35,000)

-0-

Netincome.

. $ (200,000)

$ (100,000)

Retained earnings, 1/1/10.

. $(1,300,000)

$ (850,000)

Net income.

. (200,000)

(100,000)

Dividends paid.

. 100,000 50,000 Retained earnings, 12/31/10.

. $(1,400,000)

$ (900,000)

Cash and receivables.

. $ 400,000

$ 300,000 Inventory.

. 298,000 700,000 Investment in Broadway.

. 902,000

-0-

Fixed assets.

. 1,000,000 600,000 Accumulated depreciation.

. (300,000)

(200,000)

Totals.

. $ 2,300,000

$ 1,400,000 Liabilities.

. $ (600,000)

$ (400,000)

Commonstock.

. (300,000)

(100,000)

Retainedearnings.

. (1,400,000)

(900,000)

Totals.

. $(2,300,000)

$(1,400,000)

Benson sold Broadway inventory costing $72,000 during the last six months of 2009 for $120,000. At year-end, 30 percent remained. Benson sells Broadway inventory costing $200,000 during 2010 for $250,000. At year-end, 20 percent is left. With these facts, determine the consoli¬ dated balances for the accounts:

Sales Cost of Goods Sold Operating Expenses Dividend Income Noncontrolling Interest in Consolidated Income Inventory Noncontrolling Interest in Subsidiary, 12/31/10