On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $772,275 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $330,975 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $132,000 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years. The following financial information is available for these two companies for 2018. In addition, the subsidiary's income was earned uniformly throughout the year. The subsidiary declared dividends quarterly Truman Atlanta Revenues $ (801,490) $ (429,000) Operating expenses 454,000 304,000 Income of subsidiary (34,510) Net income $ (382,000) $ (125,000) Retained earnings, 1/1/18 $ (9ee, eee) $ (537,880) Net income (above) (382,000) (125,000) Dividends declared 175, eee 80,000 Retained earnings, 12/31/18 $(1,107,800) $ (582,000) Current assets $ 563,215 $ 375,000 Investment in Atlanta 778,785 Land 460,000 242,000 Buildings 719,000 696,000 Total assets $ 2,521,000 $ 1,313,000 Liabilities $ (914,000) $ (411,000) Common stock (95,000) (300,000) Additional paid in capital (405,eee) (20,000) Retained earnings, 12/31/18 (1,107,800) (582,000 Total liabilities and stockholders' equity $(2,521, eee) 5 (1,313,890) @ a. How did Truman allocate Atlanta's acquisition-clate fair value to the various assets acquired and liabilities assumed in the combination? b. How did Truman allocate the goodwill from the acquisition across the controlling and noncontrolling interests? c. How did Truman derive the investment in Atlanta account balance at the end of 2018? d. Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2018 At year-end, there were no intra-entity receivables or payables