Question: The answers in red are wrong. Please help me. ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on

The answers in red are wrong. Please help me.
 The answers in red are wrong. Please help me. ProForm acquired
60 percent of ClipRite on June 30,2020 , for $660,000 in cash.

ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $720,000 was recognized and is being amortized at the rate of $18,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest falr value was assessed at $440,000 at the acquisition date. The 2021 financial statements are as follows: (Note: Parentheses indicate a credit balance.) Proform sold ClipRite inventory costing $82,000 during the last six months of 2020 for $220,000. At year-end, 30 percent remained. Proform sold ClipRite inventory costing $265,000 during 2021 for $380,000. At year-end, 10 percent is lef. Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Dividend Income Net Income Attributable to Noncontrolling Interest Inventory Noncontrolling Interest in Subsidiary, 12/31/21 Answer is complete but not entirely correct. ProForm acquired 60 percent of ClipRite on June 30,2020 , for $660,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $720,000 was recognized and is being amortized at the rate of $18,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest falr value was assessed at $440,000 at the acquisition date. The 2021 financial statements are as follows: (Note: Parentheses indicate a credit balance.) Proform sold ClipRite inventory costing $82,000 during the last six months of 2020 for $220,000. At year-end, 30 percent remained. Proform sold ClipRite inventory costing $265,000 during 2021 for $380,000. At year-end, 10 percent is lef. Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Determine the consolidated balances for the following accounts: (Input all amounts as positive values.) Sales Cost of Goods Sold Operating Expenses Dividend Income Net Income Attributable to Noncontrolling Interest Inventory Noncontrolling Interest in Subsidiary, 12/31/21 Answer is complete but not entirely correct

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