Angela Corporation $($a private company$)$ acquired all of the outstanding voting stock of Eddy Tech, Incorporated, on January $1,2024,$ in

exchange for $$9,960,000$ in cash. At the acquisition date, Eddy Tech's stockholders' equity was $$8,180,000$ including retained earnings

of $$3,105,000.$

At the acquisition date. Angela prepared the following fair value allocation schedule for its newly acquired subsidiary:

At the end of $2024,$ Angela and Eddy Tech report the following amounts from their individually maintained account balances, before

consideration of their parent$-$subsidiary relationship. Parentheses indicate a credit balance.

Required:

Prepare a $2024$ consolidated income statement for Angela and its subsidiary Eddy Tech. Assume that Angela, as a private company.

elects to amortize goodwill over a $10-$year period.