Allen Company acquired 100 percent of Bradford Companys voting stock on January 1, 2017, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $25.50 per share). As of that date, Bradford had stockholders equity totaling $210,050. Land shown on Bradfords 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 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. Allen Company Bradford Company Revenues $ (674,000 ) $ (307,500 ) Cost of goods sold 223,000 117,000 Depreciation expense 148,500 80,400 Subsidiary earnings (107,850 ) 0 Net income $ (410,350 ) $ (110,100 ) Retained earnings, 1/1/21 $ (680,000 ) $ (101,100 ) Net income (above) (410,350 ) (110,100 ) Dividends declared 175,500 40,000 Retained earnings ,12/31/21 $ (914,850 ) $ (171,200 ) Current assets $ 424,000 $ 122,000 Investment in Bradford 269,900 0 Company Land 510,000 70,500 Buildings and equipment (net) 900,000 182,000 Total assets $ 2,103,900 $ 374,500 Current liabilities $ (499,050 ) $ (138,300 ) Common stock (600,000 ) (60,000 ) Additional paid-in capital (90,000 ) (5,000 ) Retained earnings, 12/31/21 (914,850 ) (171,200 ) Total liabilities and equity $ (2,103,900 ) $ (374,500 ) 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.