Several years ago, Polar Inc. acquired an 80% interest in Icecap Co. The book values of Icecap's asset and liability accounts at that time were considered to be equal to their fair values. Polar's acquisition value corresponded to the underlying book value of Icecap so that no allocations or goodwill resulted from the transaction. The following selected account balances were from the individual financial records of these two companies as of December 31, 20X1.

	Polar Inc.	Icecap Co.
Sales	$896,000	$504,000
Cost of goods sold	406,000	276,000
Operating expenses	210,000	147,000
Retained earnings, 1/1/11	1,036,000	252,000
Inventory	484,000	154,000
Buildings (net)	501,000	220,000
Investment income	Not given

Polar sold a building to Icecap on January 1, 20X0 for $112,000, although the book value of this asset was only $70,000 on that date. The building had a 5-year remaining useful life and was to be depreciated using the straight-line method with no salvage value. Required: For the consolidated financial statements for 20X1, determine the balances that would appear for the following accounts. (1) Buildings (net) (2) Operating Expenses (3) Noncontrolling Interest in Subsidiary's Net Income (Points : 25)