Several years ago Frozen Inc. acquired 80% of FOUR Co.s outstanding common stock. At that time, the book values of FOUR's asset and liability accounts were considered equal to their fair values. Frozen's acquisition value corresponded to the underlying book value of FOUR so that no excess fair value allocations or goodwill resulted from the transaction.

The following selected account balances are from the individual financial records of these two companies as of December 31, 2015:

Frozen Inc. FOUR Co.

Sales $ 896,000 $ 504,000

Cost of Goods Sold 406,000 276,000

Operating Expenses 210,000 147,000

Retained Earnings, 1/1 1,036,000 252,000

Inventory 484,000 154,000

Building, net 501,000 220,000

Frozen sells inventory to FOUR at a markup equal to 25% of cost. Intra-entity transfers were $130,000 in 2014 and $165,000 in 2015. Of this inventory, $39,000 of the 2014 transfers were retained and then sold by FOUR in 2015. $55,000 of the 2015 transfers were held in inventory until 2016. Determine the balances that would appear in the 2015 consolidated financial statements for the following accounts: Cost of Goods Sold, Inventory, and Non-controlling Interest in Subsidiary's Net Income.