Allison Corporation acquired 90 percent of Bretton on January 1, 2019. Of Bretton’s total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year remaining life) and $80,000 was attributed to franchises (to be written off over a 20-year period). Since the takeover, Bretton has transferred inventory to its parent as follows:

On January 1, 2020, Allison sold Bretton a building for $50,000 that had originally cost $70,000 but had only a $30,000 book value at the date of transfer. The building is estimated to have a five-year remaining life (straight-line depreciation is used with no salvage value).

Selected figures from the December 31, 2021, trial balances of these two companies are as follows:

Determine consolidated totals for each of these account balances.

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Year Cost Transfer Price Remalning at Year-End $45,000 48,000 $90,000 $30,000 (at transfer price) 35,000 (at transfer price) 50,000 (at transfer price) 2019 2020 80,000 2021 69,000 92,000