Dn January 1, 2023, Procise Corporation acquilred 100 percent of the outstanding voting stock of GaugeRite Corporation for $2099.750 cash. On the acquisition date, GaugeRite had the following balance sheet At the acquisition date, the following allocation was prepared: Withough at acquisition date Procise had expected $45,750 in future benefits from GaugeRte's in-process research and development project, by the end of 2023 it was apparent that the research project was a fallure with no future economic benefits. Pn December 31, 2024. Procise and GaugeRite submitted the following financial statements for consolidation. There were no intraentity payables on that date Dn January 1, 2023, Procise Corporation acquilred 100 percent of the outstanding voting stock of GaugeRite Corporation for $2099.750 cash. On the acquisition date, GaugeRite had the following balance sheet At the acquisition date, the following allocation was prepared: Withough at acquisition date Procise had expected $45,750 in future benefits from GaugeRte's in-process research and development project, by the end of 2023 it was apparent that the research project was a fallure with no future economic benefits. Pn December 31, 2024. Procise and GaugeRite submitted the following financial statements for consolidation. There were no intraentity payables on that date