Help Save & E Corporation acquired 80 percent of the outstanding voting stock of Seacraft Company on Janusry 1, 2017, for $416,000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liablities fair value of $555,000 and the fair value of the 20 percent noncontrolling Interest was $104,000. No excess fair value over book value amortization accompanied the acquisition The following selected account balances are from the individual financial records of these two companles as of December 31, 2018: Sales Cost of goods sold 670,000 390,000 305,000 212,000 153,000 108,000 770,000 210,000 349,000 113,000 361,000 160,000 Retained earnings, 1/1/18 Inventory Buildings (net) 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 $93,000 in 2017 and $113,000 in 2018. Of this inventory, Seacraft retained and then sold $31,000 of the 2017 tradsfers in 2018 and held $45.000 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 $53,000 in 3,000 in 2018. Of this inventory, $24,000 of the 2017 transfers were retained and then sold by Protrade in 2018, whereas $38,000 of the 2018 transfers were held until 2019 Determine balances for the fo items that would appear on consolidated financial statements for 2018 c. Protrade seis seacrat a buiding on January 1, 2017, o 386,000, athough ts book value w ight ine method with no salvage value building had a five-year remaining life and was to be depreciated using the stra