Lasko Corporation acquired 100 percent of Marco Company's outstanding common stock on January 1 for $642,600 in cash. Marco reported net assets with a carrying amount of $426,000 at that time. Some of Marco's assets either were unrecorded (having been internally developed) or had fair values that differed from book values as follows: Trademarks (indefinite life) Book Values $ 80,000 $194,000 Fair Values Customer relationships (5-year remaining life) 0 98,100 Equipment (10-year remaining life) 390,000 333,000 Any goodwill is considered to have an indefinite life with no impairment charges during the year. The following are financial statements at the end of the first year for these two companies prepared from their separately maintained accounting systems. Marco declared and paid dividends in the same period. Credit balances are indicated by parentheses. Revenues Cost of goods sold Depreciation, expense Amortization expense locome from O'Brien Net income Retained earnings. 1/1 Net income Dividends declared Retained earnings 12/31 Cash Receivables Loventory lovestment in O'Brien Trademarks Customer relationships, Equipment (net) Goodwill Total assets Liabilities Common stock Betained caminos 12/31 Total liabilities and equity Lasko $(1,552,500) Marco $ (876,000) 414,000 91,200 406,000 37,600 (381,080) $(1,390,780) $ (728,000) (1,390,780) 159,000 $(1,959,780) $ 233,000 376,000 253,000 75,000 0 $ (395,000) $ (326,000) (395,000) 97,000 $ (624,000) $ 138,500 56,700 160,000 926,680 0 564,000 78,900 0 0 1,110,000 326,000 0 0 $3,462,680 $ 760,100 $(1,102,900) $ (36,100) (400,000) (100,000) (1,959,780) (624,000) $(3,462,680) $ (760,100) Required Prepare a consolidation worksheet for Lasko and Marco for the year ending December 31.