Return to question Allison Corporation acquired 90 percent of Bretton on January 1, 2016. Of Bretton's total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year remaining life) and $80,000 was attributed to franchises (to be written off over a 20-year period). Since the takeover, Bretton has transferred inventory to its parent as follows: Transfer Price Year Cost 2016 45,000$90,000 $30,000 (at transfer price 2017 48,000 80,000 2018 69,000 92,000 Remaining at Year-End 35,000 (at transfer price) 50,000 (at transfer price) On January 1, 2017, Allison sold Bretton a building for $50,000 that had originally cost $70,000 but had only a $30,000 book value at the date of transfer. The building is estimated to have a five-year remaining life (straight-line depreciation is used with no salvage Selected figures from the December 31, 2018, trial balances of these two companies are as follows: Sales Cost of goods sold Operating expenses Investment income Inventory Equipment (net Buildings (net 700,000 400,000 440,000 220,000 80,000 120,000 Not given 210,000 90,000 140,000 110,000 50,000 190,000 Determine consolidated totals for each of these account balances