On January 1, 2019, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $187,000 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, $171,000 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $682,500 on January 1, 2019, and Omega reported a book value of $146,000 on January 1, 2020.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $24,300 were present in Alpha's inventory as of January 1, 2021. During the year, $232,000 in additional intra-entity sales were made with $25,520 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	$	(1,069,600	)		$	(548,030	)		$	(329,600	)		$	(1,715,230	)
Cost of goods sold		577,000				273,000				155,000				774,220
Operating expenses		375,000				131,000				97,500				627,100
Income of subsidiary		(158,400	)			(53,970	)			0				0
Separate company net income	$	(276,000	)		$	(198,000	)		$	(77,100	)
Consolidated net income													$	(313,910	)
Net income attributable to noncontrolling interest (Delta Company)														35,491
Net income attributable to noncontrolling interest (Omega Company)														18,855
Net income attributable to Alpha Company													$	(259,564	)
Retained earnings, 1/1/21	$	(612,500	)		$	(592,500	)		$	(106,000	)		$	(570,120	)
Net income (above)		(276,000	)			(198,000	)			(77,100	)			(259,564	)
Dividends declared		50,000				40,000				60,000				50,000
Retained earnings, 12/31/21	$	(838,500	)		$	(750,500	)		$	(123,100	)		$	(779,684	)
Cash and receivables	$	211,000			$	304,630			$	27,100			$	542,730
Inventory		333,000				547,500				196,000				1,050,980
Investment in Delta Company		846,000				0				0				0
Investment in Omega Company		0				275,870				0				0
Property, plant, and equipment		496,000				377,500				282,000				1,155,500
Copyrights		0				0				0				301,450
Total assets	$	1,886,000			$	1,505,500			$	505,100			$	3,050,660
Liabilities	$	(847,500	)		$	(635,000	)		$	(282,000	)		$	(1,764,500	)
Common stock		(200,000	)			(120,000	)			(100,000	)			(200,000	)
Retained earnings, 12/31/21		(838,500	)			(750,500	)			(123,100	)			(779,684	)
Noncontrolling interest in Delta Company, 12/31/21		0				0				0				(196,796	)
Noncontrolling interest in Omega Company, 12/31/21		0				0				0				(109,680	)
Total liabilities and equities	$	(1,886,000	)		$	(1,505,500	)		$	(505,100	)		$	(3,050,660	)

Note: Parentheses indicate a credit balance.

Develop the worksheet entries necessary to derive these reported balances: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)