Chap 5 Problems 1 Saved 50 points eBook References The following are several figures reported for Allister and Barone as of December 31, 2021 Inventory Sales Investment income Cost of goods sold Operating expenses Allister Barone $ 400,000 $200,000 960,000 760,000 not given 480,000 220,000 380,000 290,000 Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $74,000 that was unrecorded on its accounting records and had a five- year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells Inventory costing $128,000 to Allister for $176,000. Of this amount, 15 percent remains unsold in Allister's warehouse at year end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021 Amounts Inventory Sales $ 752,800 S 1,544,000 Cost of goods sold $ 691,200 Operating expenses $ 524,800 Net income attributable to noncontrolling interest S 10,200 Check