Allen Company acquired $100$ percent of Bradford Company's voting stock on January $1,2020,$ by Issuing $10,000$ shares of its $$10$ par value common stock $($having a falr value of $$25\mathrm{.}00$ per share$).$ As of that date, Bradford had stockholders' equity totaling $$199,150.$ Land shown on Bradford's accounting records was undervalued by $$16,200.$ Equipment $($with a five$-$year remaining life$)$ was undervalued by $$7,850.$ A secret formula developed by Bradford was appralsed at $$26,800$ with an estimated life of $20$ years.

The following are the separate financlal statements for the two companies for the year ending December $31,2024.$ There were no intra$-$entity payables on that date. Credit balances are indicated by parentheses.

$\backslash$table$[[$Accounts$,$Allen Company,Bradford Company$],[$Revenues$,$$$(545,000),$$$(245,000)$

undervalued by $$7,850.$ A secret formula developed by Bradford was appralsed at $$26,800$ with an estimated life of $20$ years.

The following are the separate financial statements for the two companies for the year ending December $31,2024.$ There were no Intra$-$entity payables on that date. Credit balances are indicated by parentheses.

$\backslash$table$[[$Accounts$,$Allen Company,Bradford company$],[$Revenues$,$$$(545,000),$$$(245,000)$