On January 1, 2019, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $181,000 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, $165,000 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $550,000 on January 1, 2019, and Omega reported a book value of $172,500 on January 1, 2020.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $16,600 were present in Alpha's inventory as of January 1, 2021. During the year, $293,000 in additional intra-entity sales were made with $32,230 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	$	(1,017,000	)		$	(600,210	)		$	(245,200	)		$	(1,569,410	)
Cost of goods sold		564,000				245,000				89,000				620,630
Operating expenses		361,000				141,000				76,500				601,300
Income of subsidiary		(216,000	)			(55,790	)			0				0
Separate company net income	$	(308,000	)		$	(270,000	)		$	(79,700	)
Consolidated net income													$	(347,480	)
Net income attributable to noncontrolling interest (Delta Company)														47,139
Net income attributable to noncontrolling interest (Omega Company)														19,785
Net income attributable to Alpha Company													$	(280,556	)
Retained earnings, 1/1/21	$	(715,000	)		$	(460,000	)		$	(132,500	)		$	(679,540	)
Net income (above)		(308,000	)			(270,000	)			(79,700	)			(280,556	)
Dividends declared		50,000				40,000				60,000				50,000
Retained earnings, 12/31/21	$	(973,000	)		$	(690,000	)		$	(152,200	)		$	(910,096	)
Cash and receivables	$	324,200			$	102,960			$	70,200			$	497,360
Inventory		324,000				550,000				176,000				1,017,770
Investment in Delta Company		792,800				0				0				0
Investment in Omega Company		0				292,040				0				0
Property, plant, and equipment		452,000				405,000				335,000				1,192,000
Copyrights		0				0				0				291,350
Total assets	$	1,893,000			$	1,350,000			$	581,200			$	2,998,480
Liabilities	$	(720,000	)		$	(540,000	)		$	(329,000	)		$	(1,589,000	)
Common stock		(200,000	)			(120,000	)			(100,000	)			(200,000	)
Retained earnings, 12/31/21		(973,000	)			(690,000	)			(152,200	)			(910,096	)
Noncontrolling interest in Delta Company, 12/31/21		0				0				0				(182,474	)
Noncontrolling interest in Omega Company, 12/31/21		0				0				0				(116,910	)
Total liabilities and equities	$	(1,893,000	)		$	(1,350,000	)		$	(581,200	)		$	(2,998,480	)

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.)