Munna December 31		Krishna December 31
	Debit	Credit	Debit	Credit
Sales		780,000		520,000
Cost of goods sold	380,000		300,000
Operating expenses	200,000		100,000
Investment income		Not given		0
Retained earnings, Jan 1		1,300,000		700,000
Dividends declared	60,000		20,000
Trademarks	640,000		200,000
Royalty agreements	660,000		300,000
Licensing agreements	410,000		400,000
Liabilities		510,000		200,000
Common stock - $10 par value		400,000		100,000
Additional paid-in capital		500,000		600,000

Above are several account balances taken from the records of Munna and Krishna as of December 31, 2018. A few asset accounts have been omitted here. All revenues, expenses, and dividend declarations occurred evenly throughout the year. Annual test have indicated no goodwill impairment.

On July 1, 2018, Munna acquired 70% of Krishna for $1,470,000 cash consideration. In addition, Munna agreed to pay additional cash to the former owners of Krishna if certain performance measures are achieved after three years. Munna assessed a $40,000 fair value for the contingent performance obligation as of the acquisition date and as of December 31, 2018.

On July 1, 2018, Krishnas assets and liabilities had book values equal to their fair value except for some trademarks (with five-year remaining lives) that were undervalued by $150,000. Munna estimated Krishnas total fair value at $2,100,000 on July 1, 2018.

For the following items, what balances would be reported on Munnas December 31, 2018, consolidated financial statements?

Sales		Consolidated Net Income
Expenses		Retained Earnings, January 1
Non-controlling Interest in Subsidiarys Net Income		Trademarks
		Goodwill