Bennett acquired 70 percent of Zeigler on June 30, 2014, for $910,000 in cash. Based on Zeiglers

Bennett acquired 70 percent of Zeigler on June 30, 2014, for $910,000 in cash. Based on Zeigler’s acquisition-date fair value, only one unrecorded intangible of $400,000 was recognized and is being amortized at the rate of $10,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $390,000 at the acquisition date. The 2015 financial statements are as follows:

Bennett sold Zeigler inventory costing $72,000 during the last six months of 2014 for $120,000. At year-end, 30 percent remained. Bennett sells Zeigler inventory costing $200,000 during 2015 for $250,000. At year-end, 20 percent is left. With these facts, determine the consolidated balances for the following:
Sales
Cost of Goods Sold
Operating Expenses
Dividend Income
Net Income Attributable to Noncontrolling Interest
Inventory
Noncontrolling Interest in Subsidiary,12/31/15

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Bennett Zeigler Sales Cost of goods sold Operating expenses Dividend income (800,000) (600,000) 400,000 100,000 535,000 100,000 (35,000) $ (200,000) $(1,300,000) (200,000) 100,000 $(1,400,000) $ 400,000 290,000 910,000 1,000,000 (300,000) 2,300,000 Net income (100,000) Retained earnings, 1/1/15. Net income Dividends declared S (850,000) (100,000) 50,000 $ (900,000) Retained earnings, 12/31/15 Cash and receivables Inventory $ 300,000 700,000 Fixed assets Accumulated depreciation. Totals Liabilities Common stock Retained earnings 600,000 (200,000) 1,400,000 $ (600,000) (400,000) (100,000) (900,000) (300,000) (1,400,000) Totals (1,400,000)