On January 1, 2022, Navarro Company acquired a 75% interest in Mason Inc. Navarro paid for this acquisition with $3,100,000 cash and 450,000 shares of Navarro common stock (par value $1.00 per share). At the time of the acquisition, Mason Inc.’s book value was $10,700,000.

On January 1, Navarro’s 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. Mason had the following balances on January 1, 2022.

	Book Value				Fair Value
Land	$	1,400,000			$	1,900,000
Buildings (eight-year remaining life)		2,500,000				3,000,000
Equipment (eight-year remaining life)		2,800,000				2,400,000

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

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