Arion Corporation date outstanding ang stock contornery 1 2020. in exchange for 56X2,000 sh. Alison Intends to maintain Massawoly owned atsiday Bon campanies have December 31 rece year ends. At the scoutsoan dete. Methis stockholders equity was 92.070.000 Kolding related coming of $1570,000 ALT Equition dare. Allsort prepared the following for ele allocato schedule for its rewy acquired by 56, 162,00 2270 $4,892,80 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-tern debt (undervalued, 5-year remaining life) Goodwill $ 912,000 2,640,000 (170,00) 3,382,000 S710,000 Postacoustion, Alison employs the equity method to account for its investment in Mathias. During the wo years following the business combination, Mathias reports the following income and dividends! Inco Dividends 2020 3453, 750 $25,280 2021 907,500 50,000 No esset impairments have occurred since the acquisition date. Individuel hinancial statements for each company as of December 31, 2021, Totow. Parentheses indicate credit balances Dividendis declared were paid in the same period Allison Mathias Income Statement Sates 3 (6.688,20) 363,970,000) Cost of goods sold 4,696,000 2,545,500 Depreciation expense 945, de 319,00 Amortization expense 465,000 124.000 Interest expense 83,00 74.000 Equity earnings in Mathias 1563,500) Net Income 3 [1,054,500)5 907,5097 Statement of Retained Earnings Retained earnings II 5 (5,480,000) $11.998,250) Net income above.) 1,054, See) 907,500) Dividends declared 560,000 50,00 Retained earnings 12/31 05.974,500 $12,856,250) Balance Sheet Cash 5 96.ee 5 164,000 Accounts receivable 1,020,000 260.000 Inventory 1.840,000 855,000 Investaent in Mathias 6,760,250 Equipment (net) 3,840,000 2,197,040 Patents 130,000 Unpatented technology 2,195,00 1,520,000 Goodwill 474,020 Total assets 3.16,355,250 $4,900,00 Accounts payable S (2,180/505790) Long-term debt (1.000.000) 11.200, Connon stock 1,200,000 R500.) Retained earning 12/31 5,972, see Pes625e Total liabilities and equity $116,355,250) 514 900, de) Required Panto Prepare to report on Ansans nece Albion Corporate couted all of outstanding voting stock of Man, tc, y 12020, in exchange for $6,162,000 in cash Alison intends to maintain Mathies as a wholly owned subscary. Both companies have December 31 scal year-ends. At the acquisition date, Mathias's stocksiders guty WAS $2.070.000 including retained earrings of $1,570,000 At the custon date. Also prepared the flowing for value as location scheme for its new equired subsidiary $6, 162,000 12.07e een $4,892,00 Consideration transferred Mathias stockholders equity Excess fair over book value to unpatented technology (B-year remaining Life) to patents (10-year remaining lifel to increase long-term debt (undervalued, 5-year remaining Lite) Goodwill $ 912, 2,640.cee (178, see 3,382,000 5 710, eee Postacquiston, Allison employs the equity method to account for investment in Mathias. During the two years following the business combination, Mathias repons the following income and dividends Income Dividends 2020 $453, 750 $25,000 2021 907,5ee 50,000 No asset impairments have occurred since the acquision date Individual financial statements for each company as of December 21 2021 foto. Parentheses indicate credit balances Didends declared were paid in the same period Allison Mathias Income Statement Sales $ (6,680,0001 33.970, see Cost of goods sold 4,696.000 2,545,500 Depreciation expense 945.000 319, Dae Amortization expense 465,ore 124.000 Interest expense B3,000 74.000 Equity earnings in Mathias (563,500) Net income $ 1,054,500) $1 1907.500) Statement of Retained Earnings Retained earnings 1/1 $ 15,480,000) $11.998,250) Net income above) (1,054,500) (987,500 Dividends declared 560, Dee s0.208 Retained earnings 12/31 S 15,974.500X 512,856 256) Balance Sheet Cash $ 96.000 5 164, Accounts receivable 1.020,000 260.ee Inventory 1,840,000 855. Investment in Mathias 6,760,25 Equipment (net 3,800,000 2,101,00 Patents 130,000 Unpatented technology 2,195,000 1,520,00 Goodwill 474,000 Total assets $ 16,355, 256 $24.900.000 Accounts payable $1,10750) 3343750 Long-tera debt (1.000.000 11.200.000 Common stock (8,200,000) (500,00 Retained earnings 12/31 15,974.500 12.056 2522 Total liabilities and equity $(16,355.2501 $14.920,000 Required: a. Olin the near over book value amortization b. Prepare a won sheet to determine the consolidated yves to be reported on Anciens Arion Corporation date outstanding ang stock contornery 1 2020. in exchange for 56X2,000 sh. Alison Intends to maintain Massawoly owned atsiday Bon campanies have December 31 rece year ends. At the scoutsoan dete. Methis stockholders equity was 92.070.000 Kolding related coming of $1570,000 ALT Equition dare. Allsort prepared the following for ele allocato schedule for its rewy acquired by 56, 162,00 2270 $4,892,80 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-tern debt (undervalued, 5-year remaining life) Goodwill $ 912,000 2,640,000 (170,00) 3,382,000 S710,000 Postacoustion, Alison employs the equity method to account for its investment in Mathias. During the wo years following the business combination, Mathias reports the following income and dividends! Inco Dividends 2020 3453, 750 $25,280 2021 907,500 50,000 No esset impairments have occurred since the acquisition date. Individuel hinancial statements for each company as of December 31, 2021, Totow. Parentheses indicate credit balances Dividendis declared were paid in the same period Allison Mathias Income Statement Sates 3 (6.688,20) 363,970,000) Cost of goods sold 4,696,000 2,545,500 Depreciation expense 945, de 319,00 Amortization expense 465,000 124.000 Interest expense 83,00 74.000 Equity earnings in Mathias 1563,500) Net Income 3 [1,054,500)5 907,5097 Statement of Retained Earnings Retained earnings II 5 (5,480,000) $11.998,250) Net income above.) 1,054, See) 907,500) Dividends declared 560,000 50,00 Retained earnings 12/31 05.974,500 $12,856,250) Balance Sheet Cash 5 96.ee 5 164,000 Accounts receivable 1,020,000 260.000 Inventory 1.840,000 855,000 Investaent in Mathias 6,760,250 Equipment (net) 3,840,000 2,197,040 Patents 130,000 Unpatented technology 2,195,00 1,520,000 Goodwill 474,020 Total assets 3.16,355,250 $4,900,00 Accounts payable S (2,180/505790) Long-term debt (1.000.000) 11.200, Connon stock 1,200,000 R500.) Retained earning 12/31 5,972, see Pes625e Total liabilities and equity $116,355,250) 514 900, de) Required Panto Prepare to report on Ansans nece Albion Corporate couted all of outstanding voting stock of Man, tc, y 12020, in exchange for $6,162,000 in cash Alison intends to maintain Mathies as a wholly owned subscary. Both companies have December 31 scal year-ends. At the acquisition date, Mathias's stocksiders guty WAS $2.070.000 including retained earrings of $1,570,000 At the custon date. Also prepared the flowing for value as location scheme for its new equired subsidiary $6, 162,000 12.07e een $4,892,00 Consideration transferred Mathias stockholders equity Excess fair over book value to unpatented technology (B-year remaining Life) to patents (10-year remaining lifel to increase long-term debt (undervalued, 5-year remaining Lite) Goodwill $ 912, 2,640.cee (178, see 3,382,000 5 710, eee Postacquiston, Allison employs the equity method to account for investment in Mathias. During the two years following the business combination, Mathias repons the following income and dividends Income Dividends 2020 $453, 750 $25,000 2021 907,5ee 50,000 No asset impairments have occurred since the acquision date Individual financial statements for each company as of December 21 2021 foto. Parentheses indicate credit balances Didends declared were paid in the same period Allison Mathias Income Statement Sales $ (6,680,0001 33.970, see Cost of goods sold 4,696.000 2,545,500 Depreciation expense 945.000 319, Dae Amortization expense 465,ore 124.000 Interest expense B3,000 74.000 Equity earnings in Mathias (563,500) Net income $ 1,054,500) $1 1907.500) Statement of Retained Earnings Retained earnings 1/1 $ 15,480,000) $11.998,250) Net income above) (1,054,500) (987,500 Dividends declared 560, Dee s0.208 Retained earnings 12/31 S 15,974.500X 512,856 256) Balance Sheet Cash $ 96.000 5 164, Accounts receivable 1.020,000 260.ee Inventory 1,840,000 855. Investment in Mathias 6,760,25 Equipment (net 3,800,000 2,101,00 Patents 130,000 Unpatented technology 2,195,000 1,520,00 Goodwill 474,000 Total assets $ 16,355, 256 $24.900.000 Accounts payable $1,10750) 3343750 Long-tera debt (1.000.000 11.200.000 Common stock (8,200,000) (500,00 Retained earnings 12/31 15,974.500 12.056 2522 Total liabilities and equity $(16,355.2501 $14.920,000 Required: a. Olin the near over book value amortization b. Prepare a won sheet to determine the consolidated yves to be reported on Anciens