On January 1, 2020. John Doc Enterprises (JDE) acquired a 55% interest in Bubba Manufacturing. Inc (BMI). JDE paid for the transaction with $3 million cash and 500 000 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition BMI's book value was $16, 970,000. On January-1. JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2020. For internal reporting purposes, JDE employed the equity method to account for this investment. a). Prepare a schedule to determine goodwill, and the amortization and allocation amounts Consideration transferred for Bubba Mfg. Implied fair value $10, 450,000/55% Book value Fair value in excess of book value Excess cost assigned to specific accounts based on fair values Land Buildings Equipment Goodwill Total