On January 1, 2019, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $220,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2020, Delta obtained 70 percent of Omega's outstanding voting shares. In this second acquisition, $130,800 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $722,500 on January 1, 2019, and Omega reported a book value of $143,500 on January 1, 2020.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $20,600 were present in Alpha's inventory as of January 1, 2021. During the year, $291,000 in additional intra-entity sales were made with $32,010 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 2021 with consolidated totals.

	Alpha Company		Delta Company		Omega Company		Consolidated Totals
Sales	$	(1,092,800	)		$	(572,930	)		$	(283,600	)		$	(1,658,330	)
Cost of goods sold		527,000				282,000				135,000				664,410
Operating expenses		378,000				156,000				78,500				634,400
Income of subsidiary		(147,200	)			(49,070	)			0				0
Separate company net income	$	(335,000	)		$	(184,000	)		$	(70,100	)
Consolidated net income													$	(359,520	)
Net income attributable to noncontrolling interest (Delta Company)														30,792
Net income attributable to noncontrolling interest (Omega Company)														17,760
Net income attributable to Alpha Company													$	(310,968	)
Retained earnings, 1/1/21	$	(615,000	)		$	(632,500	)		$	(103,500	)		$	(574,816	)
Net income (above)		(335,000	)			(184,000	)			(70,100	)			(310,968	)
Dividends declared		50,000				40,000				50,000				50,000
Retained earnings, 12/31/21	$	(900,000	)		$	(776,500	)		$	(123,600	)		$	(835,784	)
Cash and receivables	$	261,800			$	275,920			$	32,600			$	570,320
Inventory		380,000				460,000				222,000				1,029,990
Investment in Delta Company		893,200				0				0				0
Investment in Omega Company		0				248,080				0				0
Property, plant, and equipment		505,000				325,000				324,000				1,154,000
Copyrights		0				0				0				296,000
Total assets	$	2,040,000			$	1,309,000			$	578,600			$	3,050,310
Liabilities	$	(940,000	)		$	(412,500	)		$	(355,000	)		$	(1,707,500	)
Common stock		(200,000	)			(120,000	)			(100,000	)			(200,000	)
Retained earnings, 12/31/21		(900,000	)			(776,500	)			(123,600	)			(835,784	)
Noncontrolling interest in Delta Company, 12/31/21		0				0				0				(207,246	)
Noncontrolling interest in Omega Company, 12/31/21		0				0				0				(99,780	)
Total liabilities and equities	$	(2,040,000	)		$	(1,309,000	)		$	(578,600	)		$	(3,050,310	)

Note: Parentheses indicate a credit balance.

Develop the worksheet entries necessary to derive these reported balances: