Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on Jar cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companie acquisition date, Mathias's stockholders' equity was $2,035,000 including retained ea At the acquisition date, Allison prepared the following fair-value allocation schedule fo Consideration transferred Mathias stockholders' equity Excess fair over book value to unpatented technology (8-year remaining life) to patents (10-year remaining life). to increase long-term debt (undervalued, 5-year remaining life) Goodwill Postacquisition, Allison employs the equity method to account for its investment in M- business combination, Mathias reports the following income and dividends: 2020 2021 Income Dividends $ 466,875 $ 25,000 933,750 50,000 No asset impairments have occurred since the acquisition date. Individual financial statements for each company as of December 31, 2021, follow. Pa declared were paid in the same period. Allison Mathias Prev 5 of 7