26. **Please see attached template **

Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of Sawyer?s outstanding shares continue to trade at a collective value of $174,000. On the acquisition date, Sawyer has the following accounts: (see attachment)

a.Assume that the acquisition took place on January 1.

What figures would appear in a con- solidated income statement for this year?

26 Annual Excess Amortization a. Acquisition-date total fair value Book value of net assets Fair value in excess of book value Excess fair value assigned to Patent Land Buildings Goodwill Total Consolidated figures following January 1 acquisition date: Combined revenues Combined expenses Consolidated net income NCI in Sawyer's income ([200,000 - 31,000] 30%) Controlling interest in consolidated net income Life 5 years 10 years 0 469,000 418300