Following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2018:

	Penske					Stanza
Revenues	$	(702,000	)			$	(668,000	)
Cost of goods sold		250,700					167,000
Depreciation expense		222,000					312,000
Investment income		Not given					0
Dividends declared		80,000					60,000
Retained earnings, 1/1/18		(654,000	)				(284,000	)
Current assets		406,000					606,000
Copyrights		998,000					402,000
Royalty agreements		654,000					1,136,000
Investment in Stanza		Not given					0
Liabilities		(586,000	)				(1,451,000	)
Common stock		(600,000	)	($20 par)			(200,000	)	($10 par)
Additional paid-in capital		(150,000	)				(80,000	)

Note: Parentheses indicate a credit balance.

On January 1, 2018, Penske acquired all of Stanzas outstanding stock for $815,000 fair value in cash and common stock. Penske also paid $10,000 in stock issuance costs. At the date of acquisition copyrights (with a six-year remaining life) have a $498,000 book value but a fair value of $630,000.

1-As of December 31, 2018, what is the consolidated copyrights balance?

2-For the year ending December 31, 2018, what is consolidated net income?

3-As of December 31, 2018, what is the consolidated retained earnings balance?

4-As of December 31, 2018, what is the consolidated balance to be reported for goodwill?

Please show your calculations, thanks. I need all parts to be answered, thanks,