Presented below are several figures reported for Plate Corporation and Saucer Industries as of December 31, 2014. The cost of the 70% investment was equal to 70% of the book value of Saucer's net assets. At the time of purchase, the fair values and book values of Saucer's assets and liabilities were equal.

In 2013, Saucer sold inventory to Plate which had cost $40,000 for $60,000. 25% of this inventory remained on hand at December 31, 2013, but was sold in 2014. In 2014, Saucer sold inventory to Plate which had cost $30,000 for $45,000. 40% of this inventory remained unsold at December 31, 2014. (30 pts.)
Required:
Calculate following balances at December 31, 2014.
a. Consolidated Sales
b. Consolidated Cost of goods sold
c. Consolidated Expenses
d. Noncontrolling interest share of Saucer's net income
e. Consolidated Inventory

Plate Saucer S60,000 Inventory Sales S120,000 200,000 140,000 Cost of Goods Sold 130,000 80,000 Expenses 40,000 30,000