ProForm acquired 80 percent of ClipRite on June 30, 2017, for $1,040,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $650,000 was recognized and is being amortized at the rate of $20,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $260,000 at the acquisition date. The 2018 financial statements are as follows:

ProForm sold ClipRite inventory costing $84,000 during the last six months of 2017 for $240,000. At year-end, 30 percent remained. ProForm sells ClipRite inventory costing $275,000 during 2018 for $400,000. At year-end, 10 percent is left.

Determine the consolidated balances for the following accounts:

Sales

Cost of good sold

Operating expenses

Dividend income

Net income attribute to noncontrolling interest

Inventory

Noncontrolling interest in subsidiary 12/31/18

are as follows. ProForrm $ (950,00) (900,000) 475,000 Sales Cost of goods sold Operating expenses Dividend income 610,000 250,000 (56,000) 175,000 (146,000) (250,000) Net income Retained earnings, 1/1/18 Net income Dividends declared $(2,400,e0e) $(1,000,e00) (250,000) (146,000) 250,000 70,000 Retained earnings, 12/31/18 $(2,296,00e) $(1,180,eee) Cash and receivables Inventory Investment in ClipRite Fixed assets Accumulated depreciation 550,000 $ 450,000 850,000 440,600 1,040,000 1,700,000 1,350,000 (300,000) (600,000) Totals Liabilities Common stock Retained earnings, $3,130,000 2,350,000 $ (634,000) (970,000) (200,000) (200,000) 12/31/18 (2,296,000) (1,180,000) Totals $ (3,130,000) (2,350,000)