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 $14.50 per share). As of that date, Bradford had stockholders equity totaling S104,800 W Land shown on Bradford's accounting records was undervalued by $12,300. Equipment (with a five-year remaining life) was undervalued by S7,300. A secret formula developed by Bradford was appraised at $20,600 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 Bradford Company 3 (227,500) 85.000 57.000 Revenues Cost of goods sold Depreciation expense Subsidiary earnings Net icon Hetined earnings, 1/1/21 t Income (above) Dividends declared Betained carings 12/31/1 Current sets Investment in Bradford Company Land lings and opt (et) Tutal se Current liabilities Costech itional pain cott Allen Company 5 (740,000) 245,000 156,750 (3010) 5 (421,260) 5 (726,000) (421,260) 175,500 5 (971,760) 5 340.000 255,850 $(85,500) 5 (117,600) (85,500) 40,000 $(163,100) 3 34,000 492,000 0,00 $ 1,195,50 (214,00) 600,000) (0.000) (071760) ${1,195,50) 65.700 174.000 5321,700 $(95,600) (60,00) (1.000) (263.100) (123) Total ties uity 6-1. Complete the table to show the allocation of the fair value in excess of book value .-2. Complete the table to show the computation for Subsidiary Earnings b. Complete the worksheet by consolidating the financial information for these two companies