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:

Year	Cost	Transfer Price	Remaining at Year-End
2009	$20,000	$ 50,000	$20,000 (at transfer price)
2010	49,000	70,000	30,000 (at transfer price)
2011	50,000	100,000	40,000 (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:

Anchovy	Yelton
Sales	$600,000	$500,000
Cost of goods sold	400,000	260,000
Operating expenses	120,000	80,000
Investment income	Not given	–0–
Inventory	220,000	80,000
Equipment (net)	140,000	110,000
Buildings (net)	350,000	190,000

Determine consolidated totals for each of these account balances.