ProForm acquired 70 percent of ClipRite on June 30, 2020, for $1,050,000 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 $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 2021 financial statements are as follows: ClipRite $ (940,000) 485,000 185,000 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 ProForm $ (970,000) 620,000 270,000 (63,000) $ (143,000) $(2,200,000) (143,000) 270,000 $(2,073, 000) $ 570,000 460,000 1,050,000 1,400,000 (300,000 $ 3,180,000 $ (707,000) (400,000) (2,073,000) $ (3,180,000) $ 270,000) $(1,020,000) (270,000) 90,000 $(1,200,000) $ 470,000 870,000 0 1,450,000 (400,000) $ 2,390,000 $ (790,000) (400,000) (1,200,000) $(2,390,000) (Note: Parentheses indicate a credit balance.) ClipRite sold ProForm inventory costing $86,000 during the last six months of 2020 for $260,000. At year-end, 30 percent remained. ClipRite sold ProForm inventory costing $285,000 during 2021 $420,000. 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 ClipRite sold ProForm inventory costing $86,000 during the last six months of 2020 for $260,000. At year-end, 30 percent remained. ClipRite sold ProForm inventory costing $285,000 during 2021 for $420,000. 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 not complete. Sales Consolidated Balance $ 1,490,000 $ 646,300 $ 468,000 $ 0 Cost of goods sold Operating expenses Dividend income Net income attributable to noncontrolling interest Inventory Noncontrolling interest in subsidiary, 12/31/21 $ 77,100 % 1,316,500 $