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 $120,000. 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 $100,000 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 $24,000 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 mae aditional inventory sales of $100,000 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:

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 acquired 34 percent of the cutstanding voting stock of Beta Company on January 1, 2020, for $2$4,000 in cash and had the ability so significantly influence the votee's operations and decision making. The book vale of Beta' niet wetson that date 5600,000, although one of the company's building with a 540,000 carrying out was actually worth $120,000. This building had an 8 yeat remaining We Beta owned a royalty agreement with Syet remainint life that was undervalued by 100,000 Alpha attributed to goodwill any identified cout Beta reported net income of 5100,000 in 2020 und $120.000 i 2001. Dividends of $20,000 and $30,000 art declared and paid in 2020 and 2021, pectively Alpha sold inventory with riginal cost of $24.000 Bets during 2020 ut a pince of $40,000. Bleta still beld 510,000 (transfer price of this mount in inventory of December 31, 2000 These podkarte bewold townside parties during 2021 Dare 2001, Aphis made oddihmal wenkwywaleko 100.00 w lets during the period. The original cost of the membandia was 580.000. Heta and best resell 40 peront of these 2011 pa from Alpha uma 20 Anow the following ustions (Do not add color do not add comma to your amount, round the answer to the whole number) How much of Alpes 5354000 payment for Betable to win 2. What the pharepan for it quity in Bearing in comment for year 2021 3. W month Apports Investment in Betis balance sheet at the end of 2021 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 $120,000. This building had un 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 $100,000 in 2020 and $120.000 in 2021. Dividends of $20,000 and $20,000 are declared and paid in 2020 and 2021, respectively, Alpha sold inventory with an original cost of $24,000 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 me to be sold to outside parties during 2021. Tharing 2021, Alpha made additional inventory sales of $100,000 to Beta during the period. The original cost of the merchandise was $80,000. Bets 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 5254 700 payment for Beta attributable to goodwill 2. What amount should Alpha report for it Equity In Beta Camings on its income statement for year 2021? 3. What mount should Alpha report for its Investment in Beta on ves balance sheet at the end of 2021