$(20$ pts$)$ Blackfish Company purchased $100\%$ of Tautog Company on January $1,2021$ for $$1,100,000$ in cash. On the day of the purchase, Tautog had the following net assets:

Blackfish uses the equity method, as required.

a$.$ Prepare a schedule showing how to allocate the difference in fair value given up by Blackfish and what is received from Tautog.

b$.$ Determine the amortization of excess for $2021.$

c$.$ Assume that the purchase was a merger. Record the purchase on the books of Blackfish.