On January 1, 2020, Pope Company purchased 90% of Sun Company's common stock for $5,800,000 cash. Immediately after the acquisition, the two companies' balance sheets were as follows: Pope Sun Cash $ 297,000 $ 165,000 Accounts receivable 432,000 468,000 Notes receivable 90,000 Inventory 1,980,000 1,447,000 Investment in Sun Company 5,800,000 Plant and equipment (net) 5,730,000 3,740,000 Land 1.525.000 908,000 Total $15,904,000 $6,728,000 Accounts payable $ 698,000 $ 247,000 Notes payable 2,250,000 110,000 Common stock ($15 par) 4.500,000 5,250,000 Other contributed capital 5,198,000 396,000 Treasury stock held (1,200,000) Retained earnings -3,258.000 1.925,000 Total $15.904,000 $6,728,000 Sun Company's note payable includes a $90,000 note payable to Pope Company, plus $20,000 payable to a bank. Any difference between book value and the value implied by the purchase price relates to subsidiary property and equipment Required: A. Prepare a Computation and Allocation Schedule for the difference between book value of equity and the value implied by the purchase price B. Prepare a consolidated balance sheet workmaner on January 1, 2020