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I am not sure how to fill out this table given the information below. Life (if applicable) Annual Excess Amortizations (if applicable) Consideration transferred 1/1/20

I am not sure how to fill out this table given the information below.

Life (if applicable)

Annual Excess Amortizations (if applicable)

Consideration transferred 1/1/20

Book value (given)

Fair value in excess of book value

Allocation to equipment based on difference in fair value and book value

Goodwill

Total

This is the information we are given

Pueblo Corporation acquired all of Spartan Company's outstanding stock on January 1, 2018, for $1,320,000 cash. Spartan's accounting records reflected net assets on that date of $1,034,000, although equipment with a 10-year life was undervalued on the records by $198,000. Any recognized goodwill is considered to have an indefinite life.

Spartan reports net income in 2018 of $198,000 and $220,000 in 2019. The subsidiary paid dividends of $44,000 in each of these two years.

Financial figures for the year ending December 31, 2020, follow. Credit balances are indicated by parentheses.

Pueblo

Spartan

Revenues.

$(1,760,000)

$(1,320,000)

Cost of goods sold

220,000

330,000

Depreciation expense.

660,000

770,000

Investment income. .

(44,000)

-0-

Net income

$(924,000)

$(220,000)

Retained earnings 1/1/20 . .

$(2,420,000)

$(704,000)

Net income

(924,000)

(220,000)

Dividends paid

264,000

44,000

Retained earnings, 12/31/17

$(3,080,000)

$(880,000)

Current assets.

$660,000

$220,000

Investment in subsidiary

1,320,000

-0-

Equipment (net)

1,980,000

1,320,000

Buildings (net)

1,760,000

880,000

Land.

1,320,000

220,000

Total assets

$7,040,000

$2,640,000

Liabilities.

$(1,980,000)

$(1,100,000)

Common stock.

(1,980,000)

(660,000)

Retained earnings . .

(3,080,000)

(880,000)

Total liabilities and equity.

$(7,040,000)

$(2,640,000)

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