On January 1, 2020, Lopez Company acquired a 60% interest in Schwartz Company. Lopez paid for the transaction with $3,300,000a cash and 510,000 shares of Lopez common stock (par value $1.00 per share). At the time of the acquisition, Schwartz's book value was $17,200,000.

On January 1, Lopez stock had a market value of $15.20 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. Schwartz had the following balances on January 1, 2020.

Book Value Fair Value

Land $ 1,800,000 $ 2,800,000

Buildings (seven-year remaining life) 2,800,000 3,900,000

Equipment (five-year remaining life) 3,500,000 3,200,000

For internal reporting purposes, Lopez employed the equity method to account for this investment.

Prepare a fair-value allocation and amortization schedule, including goodwill allocation.