ProForm acquired 80 percent of ClipRite on June 30, 2017, for $800,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $500,000 was recognized and is being amortized at the rate of $17,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $200,000 at the acquisition date. The 2018 financial statements are as follows:

 

  ProForm   ClipRite Sales$(920,000) $(840,000)Cost of goods sold 595,000   460,000 Operating expenses 220,000   160,000 Dividend income (80,000)  0 Net income$(185,000) $(220,000)Retained earnings, 1/1/18$(1,600,000) $(970,000)Net income (185,000)  (220,000)Dividends declared 220,000   100,000 Retained earnings, 12/31/18$(1,565,000) $(1,090,000)Cash and receivables$520,000  $420,000 Inventory 410,000   820,000 Investment in ClipRite 800,000   0 Fixed assets 1,100,000   1,200,000 Accumulated depreciation (200,000)  (350,000)Totals$2,630,000  $2,090,000 Liabilities$(465,000) $(400,000)Common stock (600,000)  (600,000)Retained earnings, 12/31/18 (1,565,000)  (1,090,000)Totals$(2,630,000) $(2,090,000)

 

ProForm sold ClipRite inventory costing $81,000 during the last six months of 2017 for $210,000. At year-end, 30 percent remained. ProForm sells ClipRite inventory costing $260,000 during 2018 for $370,000. At year-end, 10 percent is left.

 

Determine the consolidated balances for the following accounts: