On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $313,800. Stinson's book value on that date consisted of common stock of $100,000 and retained earnings of $185,500. Also, the acquisition-date fair value of the 40 percent noncontrolling interest was $209,200. The subsidiary held patents (with a 10-year remaining life) that were undervalued within the company's accounting records by $76,300 and an unrecorded customer list (15-year remaining life) assessed at a $52,200 fair value. Any remaining excess acquisition-date fair value was assigned to goodwill. Since acquisition, McIlroy has applied the equity method to its Investment in Stinson account and no goodwill impairment has occurred. At year end, there are no intra-entity payables or receivables.

Intra-entity inventory sales between the two companies have been made as follows:

Year	Cost to McIlroy	Transfer Price to Stinson	Ending Balance (at transfer price)
2017	$126,000	$157,500	$52,500
2018	112,800	150,400	37,600

The individual financial statements for these two companies as of December 31, 2018, and the year then ended follow:

	McIlroy, Inc.				Stinson, Inc.
Sales	$	(723,000)			$	(358,000)
Cost of goods sold		475,200				218,800
Operating expenses		195,410				74,600
Equity in earnings in Stinson		(33,194)				0
Net income	$	(85,584)			$	(64,600)
Retained earnings, 1/1/18	$	(768,000)			$	(282,000)
Net income		(85,584)				(64,600)
Dividends declared		47,400				17,600
Retained earnings, 12/31/18	$	(806,184)			$	(329,000)
Cash and receivables	$	275,000			$	149,800
Inventory		258,300				130,600
Investment in Stinson		377,168				0
Buildings (net)		333,000				204,300
Equipment (net)		237,800				88,000
Patents (net)		0				22,400
Total assets	$	1,481,268			$	595,100
Liabilities	$	(375,084)			$	(166,100)
Common stock		(300,000)				(100,000)
Retained earnings, 12/31/18		(806,184)				(329,000)
Total liabilities and equities	$	(1,481,268)			$	(595,100)

1. Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December 31, 2018.

PLEASE HELP!!