Sammy Corporation acquired 80 percent of the outstanding voting stock of Sailor Company on January 1, 2017, for $500,000 in cash and other consideration. At the acquisition date, Sammy assessed Sailor's identifiable assets and liabilities at a collective net fair value of $765,000 and the fair value of the 20 percent noncontrolling interest was $125,000. 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:

Sales:

Sammy - $880,000

Sailor - $600,000

Cost of goods sold:

Sammy - 410,000

Sailor - 317,000

Operating expenses:

Sammy - 174,000

Sailor - 129,000

Retained earnings, 1/1/18:

Sammy - 980,000

Sailor - 420,000

Inventory:

Sammy - 370,000

Sailor - 134,000

Buildings (net):

Sammy - 382,000

Sailor - 181,000

Investment income:

Sammy - Not given

Sailor - 0

Assume that Sammy sells Sailor inventory at a markup equal to 60 percent of cost. Intra-entity transfers were $114,000 in 2017 and $134,000 in 2018. Of this inventory, Sailor retained and then sold $52,000 of the 2017 transfers in 2018 and held $66,000 of the 2018 transfers until 2019.

Determine balances for the following items that would appear on consolidated financial statements for 2018: Cost of goods sold, Inventory, Net income attributable to NCI.

Cost of goods sold: $

Inventory: $

Net income attributable to NCI: $

Sammy sells Sailor a building on January 1, 2017, for $128,000, although its book value was only $74,000 on this date. The building had a five-year remaining life and was to be depreciated using the straight-line method with no salvage value.

Determine balances for the following items that would appear on consolidated financial statements for 2018: Buildings (net of depreciation), Operating expenses, Net income attributable to NCI

Buildings (net): $

Operating expenses: $

Net income attributable to NCI: $