Allen Company acquired $100$ percent of Bradford Company's voting stock on January $1,2020,$ by Issuing $10,000$ shares of Its $$10$ par $\backslash$table$[[$Req A$1,$ Req A$2,$Req B$]]$

Complete the table to show the allocation of the fair value in excess of book value.

$\backslash$table$[[$Accounts$,$Amount,Life,$\backslash$table$[[$Annual Excess$],[$Amortizations$]]],[,,,$years,$],[,,,$years,$],[,,,$years,$],[,,,$years,$],[,,,$years,$],[$Total$,,,,]]$ Req A$2$

ReqB

Complete the table to show the computation for Subsidiary Earnings.

value common stock $($having a falr value of $$25\mathrm{.}50$ per share$).$ As of that date, Bradford had stockholders' equity totaling $$210,050.$

Land shown on Bradford's accounting records was undervalued by $$15,700.$ Equipment $($with a five$-$year remaining life$)$ was

undervalued by $$5,250.$ A secret formula developed by Bradford was appraised at $$24,000$ with an estimated life of $20$ years.

The following are the separate financlal statements for the two companles for the year ending December $31,2024.$ There were no

Intra$-$entity payables on that date. Credit balances are Indicated by parentheses.

Required:

a$-1.$ Complete the table to show the allocation of the falr value in excess of book value.

a$-2.$ Complete the table to show the computation for Subsidlary Earnings.

b$.$ Complete the worksheet by consolidating the financial information for these two companles.