Allison Corporation acquired 90 percent of Bretton on January 1, 2016. Of Bretton's total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year remaining life) and $80,000 was attributed to franchises (to be written off over a 20-year period).

Since the takeover, Bretton has transferred inventory to its parent as follows:

YearCostTransfer PriceRemaining at Year-End2016$45,000$90,000$30,000 (at transfer price)201748,00080,00035,000 (at transfer price)201869,00092,00050,000 (at transfer price)

On January 1, 2017, Allison sold Bretton a building for $50,000 that had originally cost $70,000 but had only a $30,000 book value at the date of transfer. The building is estimated to have a five-year remaining life (straight-line depreciation is used with no salvage value).

Selected figures from the December 31, 2018, trial balances of these two companies are as follows:

AllisonBrettonSales$700,000$400,000Cost of goods sold440,000220,000Operating expenses120,00080,000Investment incomeNot given0Inventory210,00090,000Equipment (net)140,000110,000Buildings (net)350,000190,000

Determine consolidated totals for each of these account balances.

Sales

COGS

Operating expenses

Investment income

Inventory

Equipment

Buildings