Blackfish Company purchased 100% of Tautog Company on January 1, 2021 for $1,100,000 in cash. On the day of the purchase, Tautog had the following net assets:

			Book		Fair Value	Life
Cash, receivables			$100,000		$100,000
Equipment			375,000		450,000	3 years
Land			200,000		150,000
Building (net)			500,000		580,000	5 years
Payables			$300,000		200,000	1 year
Blackfiash Net Assets			$875,000		$1,080,000

Blackfish uses the equity method, as required.

a. Prepare a schedule showing how to allocate the difference in fair value given up by Blackfish and what is received from Tautog.

b. Determine the amortization of excess for 2021.