Item Assets Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Patents Total Assets Liabilities and Owners' Equity Jan. 1, 20x3 Dec. 31, 20x3 $ 74,500 82,000 120,000 49,000 531,000 (186,500) 7,000 $ 677,000 $ 44,000 17,000 244,000 $ 106,500 97,000 128,000 59,000 566,000 (223,000) 6,000 $ 739,500 $ 49,000 11,000 259,000 144,000 Accounts Payable Wages Payable Notes Payable Common Stock ($10 par value) 144,000 Retained Earnings 202,000 Noncontrolling Interest 26,000 30,000 Total Liabilities and Owners' Equity $ 677,000 $ 739,500 246,500 The consolidated income statement for 20X3 contained the following amounts: Sales Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Amortization Expense Other Expenses Consolidated Net Income Income to Noncontrolling Interest Income to Controlling Interest $ 462,000 $240,000 46,000 36,500 10,000 1,000 35,000 (368,500) $ 93,500 (11,000) $ 82,500