On January 1, 2020, John Doe Enterprises (DE) acquired a 55% interest in Bubba Manufacturing, Inc. (BMI) E paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 pe 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. BMT had the following balances on January 1, 2020. Land Buildings (seven-year remaining life) Equipment (five-year remaining life) Book Value S 1,700,000 2,700,000 3,700,000 Fair Value 2,550,000 3,400,000 3,300,000 For internal reporting purposes, JDE employed the equity method to account for this investment. 7) Prepare a schedule to determine goodwill, and the amortization and allocation amounts. (The Schedule) (3 points)