On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $835,275 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $357,975 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $140,000 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 flive years. The following financial information is available for these two companies for 2021. In addition, the subsidiary's income was earned uniformly throughout the year. The subsidiary deciared dividends quarterly. a. What is the excess fair-value assigned to patent and goodwill? Prepare a worksheet to consolidate the financial statements of these two companies as of December 31,2021 . At year-end, there were no intra-enticy receivables or payables. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the deit colurtin of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet, Input all amounts as positive values.)