Need help with A1-B

Problem 3-35 (LO 3-3, 3-8) Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2014, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $17.5 per share). As of that date, Bradford had stockholders' equity totaling $112.150. Land shown on Bradford's accounting records was undervalued by $19.700. Equipment (with a five-year remaining life) was undervalued by $6,750. A secret formula developed by Bradford was appraised at $36.400 with an estimated life of 20 years. Following are the separate financial statements for the two companies for the year ending December 31, 2018 There were no intra- entity payables on that date. Credit balances are indicated by parentheses $ Bradford Company S (303,750) 115,500 54,000 $ $ Allen Company (521, 000) 172,000 189,000 (131,080) (291,080) (762, 000) (291,080) 175,500 (877,580) 374, 000 309,750 S(134,250) S (103,500) (134,250) 40,000 S (197,750) $ 101,500 Revenues Cost of goods sold Depreciation expense Subsidiary earnings Net income Retained earnings, 1/1/18 Net income (above) Dividends declared Retained earnings ,12/31/18 Current assets Investment in Bradford Company Land Buildings and equipment (net) Total assets Current liabilities Common stock Additional paid-in capital Retained earnings, 12/31/18 $ 574,000 854,000 $ 2,111,750 (544,170) (600,000) (90,000) (877,580) 86, 100 186,000 $ 373,600 S (110,850) (60,000) (5,000) (197,750) AJUILLUdl palu-11 Capilal Retained earnings, 12/31/18 Total liabilities and equity 90, UUU) (877,580) $ (2,111,750) 15, UUU) (197,750) a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. What balance will Allen show in its Subsidiary Earnings account? b. Complete the worksheet by consolidating the financial information for these two companies. Complete this question by entering your answers in the tabs below. Required A1 Reguired A2 Required B What balance will Allen show in its Subsidiary Earnings account? Amortization expense Equity accrual Equity earnings