House Corporation has been operating profitably since its creation in 1960. At the beginning of 2019, House acquired a 70 percent ownership in Wilson Company. At the acquisition date, House prepared the following fair-value allocation schedule: Assignments to adjust Wilson's assets to fair value: Consideration transferred for 70% interest in Wilson Fair value of the 30% noncontrolling interest Wilson business fair value Wilson book value Excess fair value over book value To buildings (20-year remaining life) To equipment (4-year remaining life) To franchises (10-year remaining life) $ 766,500 328,500 $ 1,095,000 $ 816,000 279,000 $ 63,000 (21,200) 69,000 110,800 To goodwill (indefinite life) $ 168,200 House regularly buys inventory from Wilson at a markup of 25 percent more than cost. House's purchases during 2019 and 2020 and related ending inventory balances follow: Year 2019 2020 Intra-Entity Purchases $127,500 156,250 Remaining Intra-Entity Inventory- End of Year (at transfer price) $42,500 62,500