On January $1,2024,$ Brooks Corporation exchanged $$1,182,500$ fair$-$value consideration for all of the outstanding voting stock of Chandler, Incorporated. At the acquisition date, Chandler had a book value equal to $$1,127,500.$ Chandler's individual assets and liabilities had fair values equal to their respective book values except for the patented technology account, which was undervalued by $$210,000$ with an estimated remaining life of six years. The Chandler acquisition was Brooks's only business combination for the year:

In case expected synergies did not materialize, Brooks Corporation wished to prepare for a potential future spin$-$off of Chandler, Incorporated. Therefore, Brooks had Chandler maintain its separate incorporation and independent accounting information system as elements of continuing value.

On December $31,2024,$ each company submitted the following financial statements for consolidation. Dividends were declared and paid in the same period.

Note: Parentheses indicate a credit balance.

Required:

a$.$ Determine the following account balances:

Gain on bargain purchase.

Earnings from Chandler.

Investment in Chandler.

b$.$ Prepare a December $31,2024,$ consolidated worksheet for Brooks and Chandler.

$\backslash$table$[[$Accounts$,$Brooks,Chandler,Debit,Credit,$\backslash$table$[[$Consolidated$],[$Totals$]]],[$Income Statement,,,,,$],[$Revenues$,$$$(508,500),$$$(655,000),,,],[$Cost of goods sold,$210,000,245,000,,,$$$(1,163,500)$