On January 1, 2017, QuickPort Company acquired 90 percent of the outstanding voting stock of NetSpeed, Inc., for $972,000 in cash and stock options. At the acquisition date, NetSpeed had common stock of $1,020,000 and Retained Earnings of $51,000. The acquisition-date fair value of the 10 percent noncontrolling interest was $108,000. QuickPort attributed the $9,000 excess of NetSpeed's fair value over book value to a database with a five-year remaining life.

During the next two years, NetSpeed reported the following:

	Net Income			Dividends Declared
2017	$	12,600		$	1,800
2018		18,000			1,800

On July 1, 2017, QuickPort sold communication equipment to NetSpeed for $12,000. The equipment originally cost $17,000 and had accumulated depreciation of $6,500 and an estimated remaining life of three years at the date of the intra-entity transfer.

1)Prepare the worksheet adjustments for the December 31, 2018, consolidation of QuickPort and NetSpeed.