ProForm acquired 70 percent of ClipRite on June 30, 2017, for $1,050,000 in cash. Based on ClipRite's aoquisition-date fair value, an unrecorded intangible of $750,000 was recognized and is being amortized at the rate of $13,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $450,000 at the acquisition date. The 2018 financial statements are as follows: ProForm Sales Cost of goods sold Operating expenses Dividend income 5 (970,000)$(940,000) 485,000 185,000 620,000 270,000 (63,000) S (143,000) Net income (270,000) Retained earnings, 11118 Net inoome S(2,200,000) 1.020,000) (270,000) 90,000 (143,000) 270,000 Dividends declared S(2,073,000) $,200,000) Retained earnings, 123118 Cash and receivables $ 470,000 870,000 S 570,000 460,000 1,050,000 1,400,000 Investment in ClipRite Fixed assets Accumulated depreciation 1,450,000 (300,000)1400,000) $2.390,000 Tolals Liabilities Common stock Retained earnings, 12/31118 5 3,180,000 5 (707,000) (790,000) (400,000) 1.200,000) S(3,180,000) $(2,390,000) (400,000) 073,000 Totals ProForm sold ClipRite inventory costing $86,000 during the last six months of 2017 for $260,000. At year-end, 30 percent remained. ProForm sells ClipRite inventory costing $285,000 during 2018 for $420,000. At year-end, 10 percent is left. Determine the consolidated balances for the following accounts onsolida Sales Cost of goods sold Operating expenses Dividend income Net income attributable to noncontrolling interest77.100 Balance $1,490,000 $ 646,300 $468.000 $ 1,316,500 Noncontrolling interest in subsidiary, 12131118