Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2016, in exchange for $567,000 in cash. The subsidiary's stockholders' equity accounts totaled $551,000 and the noncontrolling interest had a fair value of $63,000 on that day. However, a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $38,000. Pitino assigned the rest of the excess fair value over book value to Brey's patented technology (five-year remaining life).

Brey reported net income from its own operations of $89,000 in 2016 and $105,000 in 2017. Brey declared dividends of $31,500 in 2016 and $35,500 in 2017.

Year	Cost to Brey			Transfer Price to Pitino			Inventory Remaining at Year-End (at transfer price)
2016	$	94,000		$	240,000		$	50,000
2017		143,000			260,000			62,000
2018		171,000			285,000			65,000

At December 31, 2018, Pitino owes Brey $41,000 for inventory acquired during the period.

The following separate account balances are for these two companies for December 31, 2018, and the year then ended.

Note: Parentheses indicate a credit balance.

	Pitino				Brey
Sales revenues	$	(912,000	)		$	(491,000	)
Cost of goods sold		540,000				234,000
Expenses		187,900				108,000
Equity in earnings of Brey		(125,010	)			0
Net income	$	(309,110	)		$	(149,000	)
Retained earnings, 1/1/18	$	(538,000	)		$	(328,000	)
Net income (above)		(309,110	)			(149,000	)
Dividends declared		154,000				61,000
Retained earnings, 12/31/18	$	(693,110	)		$	(416,000	)
Cash and receivables	$	171,000			$	123,000
Inventory		380,000				310,000
Investment in Brey		704,700				0
Land, buildings, and equipment (net)		989,000				353,000
Total assets	$	2,244,700			$	786,000
Liabilities	$	(911,590	)		$	(20,000	)
Common stock		(640,000	)			(350,000	)
Retained earnings, 12/31/18		(693,110	)			(416,000	)
Total liabilities and equity	$	(2,244,700	)		$	(786,000	)

i. Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companies.

	Consolidated Balance
Sales revenues
Cost of goods sold
Expenses
Equity in earnings of Brey
Noncontrolling interest in consolidated net income
Consolidated net income to parent
Retained earnings, 1/1
Dividends declared
Retained earnings, 12/31
Cash and receivables
Inventory
Investment in Brey
Land, buildings, and equipment
Patented technology
Total Assets
Liabilities
Noncontrolling interest in Brey, 12/31
Common Stock
Retained earnings, 12/31
Total liabilities and stockholders' equity