Angela Corporation $($a private company$)$ acquired all of the outstanding voting stock of Eddy Tech, Inc., on January $1,2021,$ in exchange

for $$9,000,000$ in cash. At the acquisition date. Eddy Tech's stockholders" equity was $$7,200,000$ including retained earnings of

$$3,000,000.$

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

At the end of $2021,$ 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 $2021$ 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.