House Corporation has been operating profitably since its creation in 1960. At the beginning of 2019 . House acquired a 70 percent ownership in Wilson Company. At the acquisition date. House prepared the following fair-value allocation schedule: House regularly buys inventory from Wilson at a markup of 25 percent more than cost. House's purchases during 2019 and 2020 and related ending inventory balances follow: On January 1, 2021. House and Wilson acted together as co-acquirers of 80 percent of Cuddy Company's outstanding common stock. The total price of these shares was $288,000, indicating neither goodwili nor other specific fair-value allocations. Each company put up one-haif of the consideration transferred. During 2021 , House acquired additional inventory from Wison at a price of $227.000. Of this merchandise, 45 percent is still held at year-end. Following are the financlal records for the three companies for 2021 . House Corporation has been operating profitably since its creation in 1960. At the beginning of 2019 . House acquired a 70 percent ownership in Wilson Company. At the acquisition date. House prepared the following fair-value allocation schedule: House regularly buys inventory from Wilson at a markup of 25 percent more than cost. House's purchases during 2019 and 2020 and related ending inventory balances follow: On January 1, 2021. House and Wilson acted together as co-acquirers of 80 percent of Cuddy Company's outstanding common stock. The total price of these shares was $288,000, indicating neither goodwili nor other specific fair-value allocations. Each company put up one-haif of the consideration transferred. During 2021 , House acquired additional inventory from Wison at a price of $227.000. Of this merchandise, 45 percent is still held at year-end. Following are the financlal records for the three companies for 2021