On January 1, 2020, Prestige Corporation acqutred 100 percent of the voting stock of Stylene Corporation in exchange for $2356.000 in cash and securities. On the acquisition date, Stylene had the following balance sheet Accounts payable $1,673,200 Cash Accounts receivable Inventory Equipment (net) Trademarks Total assets 36,200 99,000 214,000 1,550,000 998.000 $ 2,797,200 Common stock 800,000 Retained earnings 924.000 Total liabilities and equity $ 2,797,200 At the acquisition date, the book values of Stylene's assets and liabilities wore generally equivalent to their fair valuot except for the following assets: Remaining Asset Book Value Fair Value Useful Life Equipment $1,550,000 $ 1,700,000 8 year's Customer ist 161.000 4 year's Trademarks 898,000 962,00 Indefinite During the next two years. Stylene has the following income and dividends in its own separately prepared financial reports to its parent. 2020 2021 Net Income $216.000 1264,0 Dividends $ 25.000 45,00 Dividends are declared and paid in the same period. The December 31, 2021, separate financial statements for each company follow. Parentheses indicate credit balances. Income Statement Style Revenues $ (5,280,000) Cost of goods sold 2,984,00) Depreciation expense 2,640,000 2,110, 545,00 410, INN Anortization expense 183,000 Fouity earnings in Stylane 1414 089) Nur income (2.116,000) 5 (464.000 Statement of Retained farnings Retained earnings 1/1 $ (3,410,000 (1.115,60 Net Incore (above) (2,115,000) (44,000 Dividends declared 150 DB 45.000 Retained earnings 12/31 $(5.170,000 ${1,534,00) Balance Sheet 47, $ 65, Accounts receivable 212.00 be Teventory 941,00 482, Investment in Stylena 2,146, Euonent 6,610, 1,485, Customer lists 153,000 Trademarks 3.50. 924.ee Goodwill $ 15, 146,00 $ 1,041, Total assets Accounts payable (1.4/0.000 5 2010 Common stock (8.50 (00,00 Retained earnings 12/31 15.176.00 15. (15,106,00 5[3.11,000) Total liabilities and guity a. Determine the fair value in excess of book value for Prestige's acquisition date investment in Stylene b. Determine Prestige's December 31, 2021, Investment in Stylene balance c. Prepare a worksheet to determine the balonces for Prestiges December 31, 2021.consolidated financial statements