Following are several figures reported for Allister and Barone as of December 31, 2021:

	Allister	Barone
Inventory	$ 500,000	$300,000
Sales	1,000,000	800,000
Investment income	not given
Cost of goods sold	500,000	400,000
Operating expenses	230,000	300,000

Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiarys fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $78,000 that was unrecorded on its accounting records and had a 4-year remaining life. Any remaining excess fair value over Barones book value was attributed to goodwill. During 2021, Barone sells inventory costing $130,000 to Allister for $180,000. Of this amount, 10 percent remains unsold in Allisters warehouse at year-end.

Required:

Determine balances for the following items that would appear on Allisters consolidated financial statements for 2021:

1. Inventory (3 marks)
2. Sales (3 marks)
3. Cost of Goods Sold (4 marks)