On January 1, 2016, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $138,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2017, Delta obtained 70 percent of Omega's outstanding voting shares. In this second acquisition, $164,400 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $647,500 on January 1, 2016 and Omega reported a book value of $140,500 on January 1, 2017.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $15,300 were present in Alpha's inventory as of January 1, 2018. During the year, $231,000 in additional intra-entity sales were made with $25,410 in Intra-entity gross profits in inventory remaining at the end of the period.

Both Alpha and Delta utilized the partial equity method to account for their investment balances.

Following are the individual financial statements for the companies for 2018 with consolidated totals.

Alpha

CompanyDelta

CompanyOmega

CompanyConsolidated

TotalsSales$(999,800)$(672,300)$(264,500)$(1,705,600)Cost of goods sold531,000294,000143,000747,110Operating expenses371,000149,00050,500591,100Income of subsidiary(223,200)(49,700)00Separate company net income$(321,000)$(279,000)$(71,000)Consolidated net income$(367,390)Net income attributable to noncontrolling interest (Delta Company)50,480Net income attributable to noncontrolling interest (Omega Company)17,190Net income attributable to Alpha Company$(299,720)Retained earnings, 1/1/18$(750,000)$(557,500)$(100,500)$(719,048)Net income (above)(321,000)(279,000)(71,000)(299,720)Dividends declared50,00040,00050,00050,000Retained earnings, 12/31/18$(1,021,000)$(796,500)$(121,500)$(968,768)Cash and receivables$164,900$526,370$23,500$714,770Inventory381,000345,000188,000888,590Investment in Delta Company843,600000Investment in Omega Company0270,13000Property, plant, and equipment464,000367,500308,0001,139,500Copyrights000254,300Total assets$1,853,500$1,509,000$519,500$2,997,160Liabilities$(632,500)$(592,500)$(298,000)$(1,523,000)Common stock(200,000)(120,000)(100,000)(200,000)Retained earnings, 12/31/18(1,021,000)(796,500)(121,500)(968,768)Noncontrolling interest in Delta Company, 12/31/18000(197,842)Noncontrolling interest in Omega Company, 12/31/18000(107,550)Total liabilities and equities$(1,853,500)$(1,509,000)$(519,500)$(2,997,160)

De velop the worksheet entries necessary to derive these reported balances