Protrade Corporation acquired 70 percent of the outstanding voting stock of Seacraft Company on January 1, 2017, for $399,000 in cash and other consideration. At the acquisition date, Protrade assessed Seacraft's identifiable assets and liabilities at a collective net fair value of $655,000 and the fair value of the 30 percent noncontrolling interest was $171,000. No excess fair value over book value amortization accompanied the acquisition.

The following selected account balances are from the individual financial records of these two companies as of December 31, 2018:

Protrade Seacraft Sales $ 770,000 $ 490, 000 Cost of goods sold 355,000 262,000 Operating expenses 163,000 118,000 Retained earnings, 1/1/18 870,000 310,000 Inventory 359,000 123,000 Buildings (net) 371,000 170,000 Investment income Not givena. Cost of goods sold Inventory Net income attributable to noncontrolling interest b. Cost of goods sold Inventory Net income attributable to noncontrolling interest C. Buildings (net) Operating expenses Net income attributable to noncontrolling interest