Another question that I don't fully understand. Could you help me out?

On January 1, 2012, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $125,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2013, Delta obtained 70 percent of Omega's outstanding voting shares. In this second acquisition, $120,000 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $490,000 on January 1, 2012 and Omega reported a book value of $140,000 on January 1, 2013 Delta has made numerous inventory transfers to Alpha since the business combination was formed. Unrealized gross profits of $15,000 were present in Alpha's inventory as of January 1, 2014. During the year, $200,000 in additional intra-entity sales were made with $22,000 in gross profits remaining unrealized at the end of the period Both Alpha and Delta utilized the partial equity method to account for their investment balances Following are the individual financial statements for the companies for 2014 with consolidated totals. Develop the worksheet entries necessary to derive these reported balances Alpha Company Delta Company on $ (900,000) 500,000 294,000 (144,000) $ (250,000) s (500,000) 240,000 129,000 (49,000) (180,000) $ (20 Cost of goods sold Operating expenses Income of subsidiary Separate company net income Consolidated net income .. . Net income attributable to the noncontrolling interest (Delta Company) Net income attributable to the noncontrolling Net income attributable to the Alpha Company $ (600,000) (250,000) 50,000 (800,000) $ 262,000 290,000 628,000 (400,000) (180,000) 40,000 s (540,000) ea $(10 Net income (above) Dividends declared earnings, 12/31/14 Cash and receivables $ 206,000 310,000 Inventory Investment in Omega Company Copyrights 16 238,000 316,000 . 420,000 27 1,600,000 $1,070,000 (410,000) (120,000) (540,000) $ 50 $ (28 (10 (12 Liabilities .._.__.. $ (600,000) (200,000) (800,000) Common stock Noncontrolling interest Noncontrolling interest in Omega Company, 12/31/14 Total liabilities and equities . (1,600,000) (1,070,000) . . . . . . . .. s fair value, y, on January 1, rights that had a and Omega ination was of January 1, 22,000 in gross tment balances consolidated Omega Consolidated Totals ta 5 Company $(200,000) 80,000 50,000 (1,400,000) 0,000 627,000 489,250 9,000) 0,000) (70,000) $ (283,750) 31,950 18,000 2 0,000) 0,000) 0,000 0,000) $(100,000) (70,000) 50,000 $ (120,000) (233,800) (572,400) (233,800) 50,000 (756,200) 6,000 0,000 $ 70,000 160,000 538,000 738,000 8,000 6,000 270,000 1,006,000 206,250 $ 2,488,250 500,000 $(280,000) (100,000) (120,000) 0.000 0,000) 0,000) (1,290,000) (200,000) (756,200) 0,000) (146,050) (96,000) (2,488,250) 0,000) (500,000) On January 1, 2012, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $125,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2013, Delta obtained 70 percent of Omega's outstanding voting shares. In this second acquisition, $120,000 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $490,000 on January 1, 2012 and Omega reported a book value of $140,000 on January 1, 2013 Delta has made numerous inventory transfers to Alpha since the business combination was formed. Unrealized gross profits of $15,000 were present in Alpha's inventory as of January 1, 2014. During the year, $200,000 in additional intra-entity sales were made with $22,000 in gross profits remaining unrealized at the end of the period Both Alpha and Delta utilized the partial equity method to account for their investment balances Following are the individual financial statements for the companies for 2014 with consolidated totals. Develop the worksheet entries necessary to derive these reported balances Alpha Company Delta Company on $ (900,000) 500,000 294,000 (144,000) $ (250,000) s (500,000) 240,000 129,000 (49,000) (180,000) $ (20 Cost of goods sold Operating expenses Income of subsidiary Separate company net income Consolidated net income .. . Net income attributable to the noncontrolling interest (Delta Company) Net income attributable to the noncontrolling Net income attributable to the Alpha Company $ (600,000) (250,000) 50,000 (800,000) $ 262,000 290,000 628,000 (400,000) (180,000) 40,000 s (540,000) ea $(10 Net income (above) Dividends declared earnings, 12/31/14 Cash and receivables $ 206,000 310,000 Inventory Investment in Omega Company Copyrights 16 238,000 316,000 . 420,000 27 1,600,000 $1,070,000 (410,000) (120,000) (540,000) $ 50 $ (28 (10 (12 Liabilities .._.__.. $ (600,000) (200,000) (800,000) Common stock Noncontrolling interest Noncontrolling interest in Omega Company, 12/31/14 Total liabilities and equities . (1,600,000) (1,070,000) . . . . . . . .. s fair value, y, on January 1, rights that had a and Omega ination was of January 1, 22,000 in gross tment balances consolidated Omega Consolidated Totals ta 5 Company $(200,000) 80,000 50,000 (1,400,000) 0,000 627,000 489,250 9,000) 0,000) (70,000) $ (283,750) 31,950 18,000 2 0,000) 0,000) 0,000 0,000) $(100,000) (70,000) 50,000 $ (120,000) (233,800) (572,400) (233,800) 50,000 (756,200) 6,000 0,000 $ 70,000 160,000 538,000 738,000 8,000 6,000 270,000 1,006,000 206,250 $ 2,488,250 500,000 $(280,000) (100,000) (120,000) 0.000 0,000) 0,000) (1,290,000) (200,000) (756,200) 0,000) (146,050) (96,000) (2,488,250) 0,000) (500,000)