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Can you help me with this question thanks Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2014, by issuing 10,000

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Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2014, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $17 per share). As of that date, Bradford had stockholders equity totaling $126,350. Land shown on Bradford's accounting records was undervalued by $13,400. Equipment (with a five-year remaining life) was undervalued by $7,650. A secret formula developed by Bradford was appraised at $22,600 with an estimated life of 20 years. Following are the separate financial statements for the two companies for the year ending December 31, 2018. There were no intra- entity payables on that date. Credit balances are indicated by parentheses. Allen Bradford Cost of goods sold Depreciation expense (689,000) (271,250) 102,500 79,800 228,000 181,500 (86,290) $ (365,790) (88,950) (102,600) (88,950) 40,000 $ (990,290) (151,550) Set income (800,000) 365,790) 175.500 Dividends declared Retained earnings ,12/31/18 Current assets Investment in Bradford 320,000 246,900 75,500 Land Buildings and equipment (net) 438,000 764,000 73,800 199,000 348,300 Total assets 1,768,900 Common stock Additional paid-in capital Retained earnings, 12/31/18 (88,610)(131,750) (60,000) (5,000) (990,290) (151 550) s(1,768,900) (348,300) (600,000) (90,000) Total 1iabilities and equity a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. What balance will Allen show in its Subsidiary Earnings account? b. Complete the worksheet by consolidating the financial information for these two companies. Complete this question by entering your answers in the tabs below

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