Alpha Company acquired 30 percent of the outstanding voting stock of Beta Company on January 1, 2020, for $254,000 in cash and had the ability to significantly influence the investee's operations and decision making. The book value of Beta's net assets on that date was $600,000, although one of the company's buildings, with a $40,000 carrying amount, was actually worth S120,000. This building had an 8-year remaining life. Beta owned a royalty agreement with a 5-year remaining life that was undervalued by $100,000. Alpha attributed to goodwill any unidentified excess cost. Beta reported net income of S100,000 in 2020 and $120,000 in 2021. Dividends of $20,000 and $30,000 are declared and paid in 2020 and 2021, respectively. Alpha sold inventory with an original cost of S24,000 to Beta during 2020 at a price of $40,000. Beta still held $10,000 (transfer price) of this amount in inventory as of December 31, 2020. These goods are to be sold to outside parties during 2021. During 2021, Alpha made additional inventory sales of S100,000 to Beta during the period. The original cost of the merchandise was $80,000. Beta did not resell 40 percent of these 2021 purchase from Alpha until 2022. Answer the following questions: (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) 1. How much of Alpha's $254,000 payment for Beta attributable to goodwill? 2. What amount should Alpha report for it Equity in Beta Earnings on its income statement for year 2021? 3. What amount should Alpha report for its Investment in Beta on its balance sheet at the end of 2021?

Alpha Company at 10 percent of the outstanding voting of Bel Company on 1.203. for 324.000 madded the way original dance the investerin decom. The book value of Betala eta hedate was 600,000, although e of the company holding with a 500,000 crtyga w wholly worth $120,000. This had By Tuming. Het woodwoyalty agreement witte ye semaining life that was ondervloed by S1000 Alphated to goodwill y diwesto Meta reported income of St. in 2020 and 5120000 2001. Dividend of 20,0000 530,000 cind pad in 2020 and 2021, respectively Alpha cold anytay with metal cost of 24,000 to Bandung 1.00 at a moso S40.000 still be $10,000 transfer price of the most is very as of December 3.200 de to hesite pas 1031 During 2021. Apa made all very $100.000 Beta during the period. The original cost of the mechandise wie Spo.co Bet did not rell 40 percent of 20 grubone Hom Alplu 2003 Answer the folowing questions (Do not add dollars do not add comma to your amount round the answer to the whole under) 1. How much of Alpha 5254,000 payment for Beta table to goodwill 2 What amount should Alpha report for it Equity in Beason its income statement for year 2021 What amount should Alpha port for testnvestment in a bunce sheet at the end of 2021