Anchovy acquired 90 percent of Yelton on January 1, 2009

Anchovy acquired 90 percent of Yelton on January 1, 2009. Of Yelton’s total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year life) and $80,000 was attributed to franchises (to be written off over a 20-year period).Since the takeover, Yelton has transferred inventory to its parent as follows:YearCostTransfer PriceRemaining at Year-End2009$20,000$ 50,000$20,000 (at transfer price)201049,00070,00030,000 (at transfer price)201150,000100,00040,000 (at transfer price)On January 1, 2010, Anchovy sold Yelton a building for $50,000 that had originally cost $70,000but had only a $30,000 book value at the date of transfer. The building is estimated to have a fiveyear remaining life (straight-line depreciation is used with no salvage value).Selected figures from the December 31, 2011, trial balances of these two companies are as follows:AnchovyYeltonSales$600,000$500,000Cost of goods sold400,000260,000Operating expenses120,00080,000Investment incomeNot given–0–Inventory220,00080,000Equipment (net)140,000110,000Buildings (net)350,000190,000Determine consolidated totals for each of these account balances.