Calculate the Investment in Sysinger in Allan's pre-consolidation 2021 How should Allan allocate Sysinger's total acquisition-date fair value (January 1, 2021) to the assets acquired and liabilities assumed for consolidation purposes? At December 31,2021 , the following financial information is avallable for consolidation: a. How should Allan allocate Sysinger's total acquisition-date fair value (January 1, 2021) to the assets acquired and liabi for consolidation purposes? b. Calculate the following as they would appear in Alian's pre-consolidation 2021 statements. - Equity in earnings of Sysinger - Gain on revaluation of Investment in Sysinger to fair value - Investment in Sysinger c. Prepare a worksheet to consolidate the financial statements of these two companies as of December 31,2021. Calculate the Equity in earnings of Sysinger in Allan's pre-consolidation 2021 statements. On January 1, 2020, Allan Company bought a 15 percent interest in Sysinger Company. The acquisition price of $238,500 reflected an assessment that all of Sysinger's accounts were fairly valued within the company's accounting records. During 2020, Sysinger reported net income of $128,900 and declared cash dividends of $38,300. Allan possessed the ability to significantly influence Sysinger's operations and, therefore, accounted for this investment using the equity method. On January 1, 2021, Allan acquired an additional 80 percent interest in Sysinger and provided the following fair-value assessments of Sysinger's ownership components: Also, as of January 1, 2021, Allan as Jessed a $446,000 value to an unrecorded customer contract recently negotiated by Sysinger. The customer contract is anticipated to have a remaining life of four years. Sysinger's other assets and liabilities were judged to have fair values equal to their book values. Allan elects to continue applying the equity method to this investment for internal reporting purposes. At December 31,2021 , the following financial information is available for consolidation: Calculate the Gain on revaluation of Investmilnt in Sysinger to fair value in Allan's pre-consolldation 2021 statements