Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2017, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $15.00 per share). As of that date, Bradford had stockholders' equity totaling $106,800. Land shown on Bradford's accounting records was undervalued by $13,200. Equipment (with a five-year remaining life) was undervalued by $9,600. A secret formula developed by Bradford was appraised at $20,400 with an estimated life of 20 years. The following are the separate financial statements for the two companies for the year ending December 31, 2021. There were no intra-entity payables on that date. Credit balances are indicated by parentheses. Revenues Cost of goods sold Depreciation expense Subsidiary earnings Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings ,12/31/21 Current assets Investment in Bradford Company Land Buildings and equipment (net) Total assets Current liabilities Common stock Additional paid-in capital Retained earnings, 12/31/21 Total liabilities and equity Allen Company $ (542,000) 179,000 135,000 (74,760) $ (302,760) $ (792,000) (302,760) 175,500 $ (919,260) $ 300,000 255,400 Bradford Company $ (220,000) 82,000 60,300 0 $ (77,700) $ (124,200) (77,700) 40,000 $ (161,900) $ 88,000 0 490,000 744,000 $ 1,789,400 $ (180,140) (600,000) (90,000) (919,260) $(1,789,400) 72,000 164,000 $ 324,000 $ (97,100) (60,000) (5,000) (161,900) $ (324,000) a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companies