Power Company owns a $70\%$ controlling interest in the Shelton Company. Shelton regularly sells merchandise to Power, which then sells to outside parties. The gross profit on these sales is the same as sales to outside parties. On January $1,2019,$ Power sold land and a building to Shelton. Twenty percent of the price of the real estate was allocated to land and the remaining amount to structures. Additional information for the companies for $2019$ is summarized as follows:

$$

$$

Power

Shelton

Sales

$$2,250,000$

$$1,500,000$

Cost of goods sold

$1,850,000$

$1,050,000$

Operating expenses

$320,000$

$240,000$

$$

$$

$$

Internally generated net income

$$860,000$

$$435,000$

Intercompany merchandise sales

$$

$200,000$

Intercompany inventory, end of year

$$

$50,000$

Intercompany inventory, beginning of year

$$

$40,000$

Book value of real estate sold

$150,000$

$$

Sales price for real estate

$220,000$

$$

Depreciable life of building

$$

$14$ years

$$

Prepare income distribution schedules for $2019$ for Power and Shelton as they would be prepared to distribute income to the non$-$controlling and controlling interests in support of consolidated worksheets.