On January 1, 2018, Adora Inc. acquired 80% of the outstanding voting common stock of Alvah Inc. for $364,000. There is no active market for Strong's stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Alvah's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired. As of December 31, 2018, before preparing the consolidated worksheet, the financial statements appeared as follows:

Adora Inc. Alvah Inc. Revenues $ 420,000 $ 280,000 Cost of goods sold (196,000) (112,000) Operating expenses (28,000) (14,000) Net income $ 196,000) $ 154,000 Retained earnings, 1/1/18 $ 420,000 $ 210,000 Net income (above) 196,000 154,000 Dividends paid 0 0 Retained earnings, 12/31/18 $ 616,000 $ 364,000 Cash and receivables $ 294,000 $ 126,000 Inventory 210,000 154,000 Investment in Strong Corp 364,000 0 Equipment (net) 616,000 420,000 Total assets $ 1,484,000 $ 700,000 Liabilities $ 588,000 $ 196,000 Common stock 280,000 140,000 Retained earnings, 12/31/18 (above) 616,000 364,000 Total liabilities and stockholders' equity $ 1,484,000 $ 700,000

During 2018, Adora bought inventory for $112,000 and sold it to Alvah for $140,000. Only half of the inventory purchase price had been remitted to Adora by Alvah at year-end. As of December 31, 2018, 60% of these goods remained in the company's possession.

A) What is the total of consolidated revenues? B) What is the total of consolidated operating expenses? C) What is the total of consolidated cost of goods sold? D) What is the consolidated total of noncontrolling interest appearing in the balance sheet? E) What is the consolidated total for equipment (net) at December 31, 2018? Solution: Problem 3