On January 1, 2020, Allan Company bought a 15 percent interest in Sysinger Company. The acquisition price of $207,500 reflected an assessment that all of Sysingers accounts were fairly valued within the companys accounting records. During 2020, Sysinger reported net income of $112,300 and declared cash dividends of $33,600. Allan possessed the ability to significantly influence Sysingers operations and, therefore, accounted for this investment using the equity method.

On January 1, 2021, Allan acquired an additional 80 percent interest in Sysinger and provided the following fair-value assessments of Sysingers ownership components:

Consideration transferred by Allan for 80% interest	$	1,424,000
Fair value of Allan's 15% previous ownership		267,000
Noncontrolling interest's 5% fair value		89,000
Total acquisition-date fair value for Sysinger Company	$	1,780,000

Also, as of January 1, 2021, Allan assessed a $417,000 value to an unrecorded customer contract recently negotiated by Sysinger. The customer contract is anticipated to have a remaining life of four years. Sysingers other assets and liabilities were judged to have fair values equal to their book values. Allan elects to continue applying the equity method to this investment for internal reporting purposes.

At December 31, 2021, the following financial information is available for consolidation:

	Allan Company				Sysinger Company
Revenues	$	(970,600	)		$	(403,000	)
Operating expenses		641,000				243,800
Equity earnings of Sysinger		(52,203	)			0
Gain on revaluation of Investment in Sysinger to fair value		(47,695	)			0
Net income	$	429,498			$	159,200
Retained earnings, January 1	$	(961,700	)		$	(636,800	)
Net income		(429,498	)			(159,200	)
Dividends declared		139,600				42,300
Retained earnings, December 31	$	(1,251,598	)		$	(753,700	)
Current assets	$	286,900			$	572,900
Investment in Sysinger (equity method)		1,703,018				0
Property, plant, and equipment		845,000				614,000
Patented technology		869,600				385,400
Customer contract		0				0
Total assets	$	3,704,518			$	1,572,300
Liabilities	$	(1,331,920	)		$	(113,600	)
Common stock		(917,000	)			(521,000	)
Additional paid-in capital		(204,000	)			(184,000	)
Retained earnings, December 31		(1,251,598	)			(753,700	)
Total liabilities and equities	$	(3,704,518	)		$	(1,572,300	)

Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2021.

At year-end, there were no intra-entity receivables or payables.

HELP WITH INCORRECT AMOUNT ONLY