Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2021: Gibson Davis Sales $ (782,000 ) $ (403,000 ) Cost of goods sold 316,000 141,000 Operating expenses 241,000 81,000 Dividend income (24,000 ) 0 Net income $ (249,000 ) $ (181,000 ) Retained earnings, 1/1/21 $ (735,000 ) $ (486,000 ) Net income (249,000 ) (181,000 ) Dividends declared 60,000 40,000 Retained earnings, 12/31/21 $ (924,000 ) $ (627,000 ) Cash and receivables $ 231,850 $ 77,000 Inventory 533,000 222,000 Investment in Davis 618,150 0 Buildings (net) 528,000 692,000 Equipment (net) 463,000 487,000 Total assets $ 2,374,000 $ 1,478,000 Liabilities $ (820,000 ) $ (511,000 ) Common stock (630,000 ) (340,000 ) Retained earnings, 12/31/21 (924,000 ) (627,000 ) Total liabilities and stockholders' equity $ (2,374,000 ) $ (1,478,000 ) Gibson acquired 60 percent of Davis on April 1, 2021, for $618,150. On that date, equipment owned by Davis (with a five-year remaining life) was overvalued by $84,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $412,100. Davis earned income evenly during the year but declared the $40,000 dividend on November 1, 2021. Prepare a consolidated income statement for the year ending December 31, 2021. Determine the consolidated balance for each of the following accounts as of December 31, 2021:

• Goodwill
• Equipment (net)
• Common stock
• Buildings (net)
• Dividends declared