The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2015, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2014, in exchange for various considerations totaling $720,000. At the acquisition date, the fair value of the noncontrolling interest was $480,000 and Kellers book value was $960,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $240,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $70,000 on January 2, 2014, for $150,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2014, it shipped inventory costing $188,500 to Gibson at a price of $290,000. During 2015, intra-entity shipments totaled $340,000, although the original cost to Keller was only $204,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $30,000 at the end of 2015.

Sales$(940,000)$(640,000) Cost of goods sold 640,000 440,000 Operating expenses 130,000 95,000 Equity in earnings of Keller Company (63,000) 0 Net income$(233,000)$(105,000) Retained earnings, 1/1/15$(1,256,000)$(690,000) Net income (above) (233,000) (105,000) Dividends declared 140,000 40,000 Retained earnings, 12/31/15$(1,349,000)$(755,000) Cash$183,000 $100,000 Accounts receivable 384,000 550,000 Inventory 530,000 460,000 Investment in Keller Company 933,000 0 Land 250,000 530,000 Buildings and equipment (net) 510,000 440,000 Total assets$2,790,000 $2,080,000 Liabilities$(711,000)$(765,000) Common stock (730,000) (460,000) Additional paid-in capital 0 (100,000) Retained earnings, 12/31/15 (1,349,000) (755,000) Total liabilities and equities$(2,790,000)$(2,080,000)

I know this looks semi complicated however if an answer is available I would like some help. I have a lot of it done however I am not sure of its correctness.