Individual financial statements for each company as of December 31, 2021, follow. Parentheses indicate credit balances. Dividends declared were paid in the same period. Allison Mathias $ (6,900,000) 4,850,000 1,000,000 492,500 105,000 (511,250) $ (963,750) $(4,025,000) 2,581,250 352,000 140,500 85,000 0 $ (866,250) $ (5,590,000) ( 963,750) 560,000 $ (5,993, 750) $(2,033, 125) (866,250) 50,000 $(2,849,375) Income Statement Sales Cost of goods sold Depreciation expense Amortization expense Interest expense Equity earnings in Mathias Net income Statement of Retained Earnings Retained earnings 1/1 Net income (above) Dividends declared Retained earnings 12/31 Balance Sheet Cash Accounts receivable Inventory Investment in Mathias Equipment (net) Patents Unpatented technology Goodwill Total assets Accounts payable Long-term debt Common stock Retained earnings 12/31 Total liabilities and equity U2 $ 112,500 1,075,000 1,950,000 6,901,875 3,950,000 157,500 2,250,000 512,500 $ 16,909, 375 $ (1,715,625) (1,000,000) (8,200,000) (5,993,750) $(16,909,375) $ 180,500 287,500 910,000 0 2,139,500 0 1,575,000 0 $ 5,092,500 $ (543,125) (1,200,000) (500,000) (2,849,375) $(5,092,500) Required: a. Determine the annual excess fair over book value amortization. b. Prepare a worksheet to determine the consolidated values to be reported on Allison's financial statements