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Couldn't get two of the numbers. They are marked in red. financial statements are as follows: Sales Cost of goods sold Operating expenses Dividend income
Couldn't get two of the numbers. They are marked in red.
financial statements are as follows: Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/18 Ret income Dividends declared Retained earnings, 12/31/18 Cash and receivables Inventory Investment in ClipRite Fixed assets Accumulated depreciation ProForm acquired 70 percent of ClipRite on June 30, 2017, for $980,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $600,000 was recognized and is being amortized at the rate of S15,OOO per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $420,000 at the acquisition date. The 2018 (850, eaa) (7e,aa) , eaa 425, aaa 150, eaa 125, eaa (70, eae) (210, eaa) (150, eaa) (ge,aa) (210, eaa) (150, eaa) , aaa le, eaa (950, eaa) 350, eaa 340, eaa 750, eaa , eaa 850, aaa (6e, eaa) (3,aa) (lee, eaa) (see, eaa) (se,eaa) (gse, eaa) Totals Liabi ities Common stock Retained earnings, Totals 12/31/18 $ 45e, ea 1, s, eaa $ (610, eaa) (1,460, eae) CI ipR it e $ (1, eaa) Proform sold ClipRite inventory costing $74,000 during the last six months of 2017 for $140,000. At year-end, 30 percent remained. Proform sells ClipRite inventory costing S225,OOO during 2018 for $300,000 At year-end, 10 percent is left Determine the consolidated balances for the following accounts:
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