Clearly state answer please.

Protrade Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on January 1, 2017, for $612000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $765,000 and the fair value of the 20 percent noncontrolling interest was $153,000. No excess fair value over book volue amortization accompanied the acquisition. The following selected account balances are from the individual financial records of these two companies as of December 31, 2018 Sales Cost of goods sold Operating expenses Retained earnings, 1/1/18 Inventory Buildinga (net) Investment income Protrade Seacraft 880,000 600,000 410,000 317,000 174,000 129, 000 980,000 420,000 370,000 144, 000 382, 000 181,000 Not given Each of the following problems is an independent situation a. Assume that Protrade sells Seacraft inventory at a markup equal to 60 percent of cost Intra-entity transfers were $14,000 in 2017 and $134,000 in 2018. Of this inventory. Seacraft retained and then sold $52,000 of the 2017 transfers in 2018 and held $66,000 of the 2018 transfers until 2019 Determine balances for the following items that would appear on consolidated financial statements for 2018 b. Assume that Seacraft sells inventory to Protrade at a markup equal to 60 percent of cost. Intra-entity transfers were $74,000 in 2017 and $104,000 in 2018. Of this inventory, $45,000 of the 2017 transfers were retained and then sold by Protrade in 2018, whereas $59,000 of the 2018 transfers were held until 2019 Determine balances for the following items that would appear on consolidated financial statements for 2018