Choco Co. acquired 60% of Allie Co. (Allie has total of 100,000 shares outstanding and Choco acquired 60,000 shares) for $540,000 ($9/share) on December 31, 2018. The market value of Allie's stock was $9/share. Choco uses equity method to report its investment in Allie.

During 2019, Allie earned net income of $180,000 and paid dividends of $22,000.

Calculate goodwill and allocated calculated goodwill between controlling and noncontrolling interest (NCI) on 12/31/2018 (acquisition date)

Calculate annual excess amortization of equipment and building?

Calculate "investment in Allie" balance on 12/31/2019.

Calculate "equity in Allie's income" balance on 12/31/2019.