ProForm acquired 70 percent of ClipRite on June 30, 2020, for $1,190,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $750,000 was recognized and is being amortized at the rate of $18,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $510,000 at the acquisition date. The 2021 financial statements are as follows: Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in clipRite Fixed assets Accumulated depreciation Totals Liabilities Common stock Retained earnings, 12/31/21 Totals Proforn ClipRite $ (880,000) $ (760,000) 575,000 180,000 (42,000) 440,000 140,000 $ (167,000) 5 (180,000) $(1,900,000) (167,000) 180,000 (Note: Parentheses indicate a credit balance) $(1,887,000) $ 480,000 370,000 1,190,000 1,000,000 (900,000) $ 2,940,000 $ (853,000) (200,000) (1,887,000) $(2,940,000) $ (930,000) (180,000) 60,000 5(1,050,000) $ 380,000 780,000 1,000,000 (150,000) $ 2,010,000 $ (760,000) (200,000) (1,050,000) 5(2,010,000) ClipRite sold ProForm inventory costing $77,000 during the last six months of 2020 for $170,000. At year-end. 30 percent remained. ClipRite sold ProForm inventory costing $240,000 during 2021 for $330,000. At year-end, 10 percent is left. Determine the consolidated balances for the following: (Input all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Dividend Income Net Income Attributable to Noncontrolling Interest Inventory Noncontrolling Interest in Subsidiary, 12/31/21 Answer is complete but not entirely correct. Consolidated Balance Sales S 1,310,000 Cost of goods sold 5 666,100 Operating expenses S 338,000 Dividend income $ Net income attributable to noncontrolling interest $ 54.270 Inventory $ 1,141,000 Noncontrolling interest in subsidiary, 12/31/21 S 522,270