On January 1, 2019, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $204,000 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 $697,500 on January 1, 2019, and Omega reported a book value of $140,500 on January 1, 2020.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $18,100 were present in Alpha's inventory as of January 1, 2021. During the year, $298,000 in additional intra-entity sales were made with $32,780 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	$	(1,008,400	)		$	(632,480	)		$	(294,600	)		$	(1,637,480	)
Cost of goods sold		578,000				250,000				144,000				688,680
Operating expenses		351,000				177,000				77,000				628,950
Income of subsidiary		(205,600	)			(51,520	)			0				0
Separate company net income	$	(285,000	)		$	(257,000	)		$	(73,600	)
Consolidated net income													$	(319,850	)
Net income attributable to noncontrolling interest (Delta Company)														44,499
Net income attributable to noncontrolling interest (Omega Company)														17,955
Net income attributable to Alpha Company													$	(257,396	)
Retained earnings, 1/1/21	$	(827,500	)		$	(607,500	)		$	(100,500	)		$	(789,000	)
Net income (above)		(285,000	)			(257,000	)			(73,600	)			(257,396	)
Dividends declared		50,000				40,000				50,000				50,000
Retained earnings, 12/31/21	$	(1,062,500	)		$	(824,500	)		$	(124,100	)		$	(996,396	)
Cash and receivables	$	194,200			$	404,630			$	76,100			$	674,930
Inventory		336,000				432,500				179,000				914,720
Investment in Delta Company		918,800				0				0				0
Investment in Omega Company		0				272,370				0				0
Property, plant, and equipment		476,000				390,000				276,000				1,142,000
Copyrights		0				0				0				310,900
Total assets	$	1,925,000			$	1,499,500			$	531,100			$	3,042,550
Liabilities	$	(662,500	)		$	(555,000	)		$	(307,000	)		$	(1,524,500	)
Common stock		(200,000	)			(120,000	)			(100,000	)			(200,000	)
Retained earnings, 12/31/21		(1,062,500	)			(824,500	)			(124,100	)			(996,396	)
Noncontrolling interest in Delta Company, 12/31/21		0				0				0				(213,174	)
Noncontrolling interest in Omega Company, 12/31/21		0				0				0				(108,480	)
Total liabilities and equities	$	(1,925,000	)		$	(1,499,500	)		$	(531,100	)		$	(3,042,550	)

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.)

a. Prepare entry S2 to eliminate stockholders' equity accounts of Delta.

b. Prepare entry A to recognize allocations attributed to specific accounts at acquisition date for 2021.

c. Prepare Entry I1 to eliminate the intra-entity income accrual found on Alpha's records.

d. Prepare Entry I2 to eliminate the intra-entity income accrual found on Delta's records.

e. Prepare Entry D1 to eliminate the intra entity dividends for Delta.

f. Prepare Entry D2 to eliminate the intra entity dividends for Omega.

g. Prepare Entry E to recognize the current year amortization.

h. Prepare Entry TI to eliminate the intra-entity inventory transfer.

i. Prepare Entry G to defer the ending intra-entity gross profit on the intra-entity transfers.