On January 1, 2019, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $188,000 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, $167,400 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $632,500 on January 1, 2019, and Omega reported a book value of $182,000 on January 1, 2020. Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $22,400 were present in Alpha's inventory as of January 1,2021 . During the year, $204,000 in additional intra-entity sales were made with $22,440 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. Collowing are the individual financial statements for the companies for 2021 with consolidated totals. 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.) \begin{tabular}{|l|l|l|l|} \hline 13 & 13 & Cost of goods sold & \\ \hline & & Inventory & \\ \hline \end{tabular}