n January 1, 2021, House and Wilson acted together as co-acquirers of 80 percent of Cuddy Company's outstanding common stock. The total price of these shares was $292,000, indicating neither goodwill nor other specific fair-value allocations. Each company put up one-half of the consideration transferred. During 2021, House acquired additional inventory from Wilson at a price of $283,000. Of this merchandise, 45 percent is still held at year-end. Following are the financial records for the three companies for 2021.

	House Corporation		Wilson Company		Cuddy Company
Sales and other revenues	$	(976,000	)		$	(772,000	)		$	(393,600	)
Cost of goods sold		613,000				300,000				226,000
Operating expenses		253,000				282,000				97,600
Income of Wilson Company		(133,000	)			0				0
Income of Cuddy Company		(28,000	)			(28,000	)			0
Net income	$	(271,000	)		$	(218,000	)		$	(70,000	)
Retained earnings, 1/1/21	$	(868,000	)		$	(604,000	)		$	(215,000	)
Net income (above)		(271,000	)			(218,000	)			(70,000	)
Dividends declared		100,000				96,000				50,000
Retained earnings, 12/31/21	$	(1,039,000	)		$	(726,000	)		$	(235,000	)
Cash and receivables	$	36,750			$	287,000			$	84,500
Inventory		427,550				321,000				114,700
Investment in Wilson Company		917,700				0				0
Investment in Cuddy Company		154,000				154,000				0
Buildings		432,000				404,000				237,000
Equipment		355,000				153,000				95,700
Land		222,000				333,000				23,100
Total assets	$	2,545,000			$	1,652,000			$	555,000
Liabilities	$	(686,000	)		$	(616,000	)		$	(170,000	)
Common stock		(820,000	)			(310,000	)			(150,000	)
Retained earnings, 12/31/21		(1,039,000	)			(726,000	)			(235,000	)
Total liabilities and equities	$	(2,545,000	)		$	(1,652,000	)		$	(555,000	)

Note: Parentheses indicate a credit balance.

Prepare a consolidation worksheet for 2021. The partial equity method based on separate company incomes has been applied to each investment.