Revenues$ $(700,000)$$ $(400,000)$Cost of goods sold$250,000100,000$Depreciation expense$150,000200,000$Investment incomeNot given$0$Dividends declared$80,00060,000$Retained earnings, $1/1/24(600,000)(200,000)$Current assets$400,000500,000$Copyrights$900,000400,000$Royalty agreements$600,0001,000,000$Investment in StanzaNot given$0$Liabilities$(500,000)(1,380,000)$Common stock$(600,000)($$$20$ par$)(200,000)($$$10$ par$)$Additional paid$-$in capital$(150,000)(80,000)$

Note: Parentheses indicate a credit balance.

On January $1,2024,$ Penske acquired all of Stanza$$s outstanding stock for $$680,000$ fair value in cash and common stock. Penske also paid $$10,000$ in stock issuance costs. At the date of acquisition, copyrights $($with a six$-$year remaining life$)$ have a $$440,000$ book value but a fair value of $$560,000.$

Required:

As of December $31,2024,$ what is the consolidated copyrights balance?

For the year ending December $31,2024,$ what is consolidated net income?

As of December $31,2024,$ what is the consolidated retained earnings balance?

As of December $31,2024,$ what is the consolidated balance to be reported for goodwill?