Panther Corporation acquired 80 percent of the outstanding voting stock of Staffer Company on January 1, 2018, for $924,000 in cash and other consideration. At the acquisition date, Panther assessed Staffers identifiable assets and liabilities at a collective net fair value of $1,155,000 and the fair value of the 20 percent noncontrolling interest was $231,000. No excess fair value over book value amortization accompanied the acquisition. The following selected account balances are from the individual financial records of these two companies as of December 31, 2019: Panther Staffer Sales . $1,408,000 $792,000 Cost of goods sold 638,000 433,400 Operating expenses 330,000 231,000 Retained earnings, 1/1/19 1,628,000 396,000 Inventory 761,200 242,000 Buildings (net) 787,600 345,400 Investment income Not given 0 Each of the following problems is an independent situation: a. Assume that Panther sells Staffer inventory at a markup equal to 40 percent of cost. Intra-entity transfers were $198,000 in 2018 and $242,000 in 2019. Of this inventory, Staffer retained and then sold $61,600 of the 2018 transfers in 2019 and held $84,000 of the 2019 transfers until 2020. On consolidated financial statements for 2019, determine the balances that would appear for the following accounts: Cost of Goods Sold Inventory Noncontrolling Interest in Subsidiarys Net Income