Please show all work!

Choco Inc. acquired all of the outstanding common stock of Allie Co. on January 1, 2017(t), for $620,000 cash. Following is the balance sheet for Allie Co. in December 31, 2016.

	Book Value	Fair Value	FV-BV
Current assets	$100,000	$100,000
Building (30 years)	200,000	260,000
Equipment (10 years)	300,000	340,000
Total liabilities	$(140,000)	$(140,000)
Net assets	$460,000	$560,000
Common stock	$(200,000)
Additional paid in capital	(150,000)
Retained earnings 12/31/2016	(110,000)
Total Stockholders equity	$(460,000)
Total liabilities and Stockholders equity	$(600,000)

	2017(t+1)		2018(t+2)
	Net income	Dividends	Net income	Dividends
Allie (subsidiary)	$(70,000)	$10,000	$(60,000)	$10,000

After Chocos acquisition, Allie Co. didnt had any changes in common stock and additional paid in capital.

- Calculate goodwill on 1/1/2017(t), the acquisition date?

- Calculate annual amortization of Building and Equipment on 1/1/2017(t), the acquisition date?

- If Choco use EQUITY METHOD to report about investment in Allie. What is the Investment in Allie Co. balance on Choco's books as of December 31, 2018(t+2)?

- What is the Equity in Allie Co. income balance on Choco's books as of December 31, 2018(t+2), if the equity method has been applied?

- What is Allies balance of retained earnings on 1/1/2018(t+1)?