***PLEASE SHOW FORMULAS AND REFERENCES TO OTHER CELLS/SHEETS AS WELL, THAT IS WHAT I AM HAVING ISSUES WITH!***

Thank you in advance!

Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on January 1, 2020, when Suaro had the following balance sheet: Assets $(422,000) Cash Receivables Inventory Land Equipment (net) Software Total assets Liabilities and Equity $ 37,000 Liabilities 82.000 149,000 Common stock 90,000 Retained earnings 225.000 315,000 $898.000 Total liabilities and equity (350,000) (126,000) S(898,000) At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows: Land Brand name Software In-process R&D $ 80,000 60,000 (indefinite life-unrecognized on Suaro's books) 415,000 (2-year estimated remaining useful life) 300,000 Additional Information . Although at acquisition date Pecos expected future benefits from Suaro's in-process research and development (R&D), by the end of 2020 it became clear that the research project was a failure with no future economic benefits. . During 2020, Suaro earns $75,000 and pays no dividends. Selected amounts from Pecos's and Suaro's separate financial statements at December 31, 2021, are presented in the consolidated information worksheet. All consolidated worksheets are to be prepared as of December 31, 2021, two years subsequent to acquisition. Pecos's January 1, 2021, Retained Earnings balance-before any effect from Suaro's 2020 income-is S(930,000) (credit balance). Pecos has 500,000 common shares outstanding for EPS calculations and reported $2,943,100 for consolidated assets at the beginning of the period. 1 December 31, 2021. trial Balance Peces Sear 51,082,000 521.00 S427,000 362,000 - Kuva spring Godwill impainile In Suam Since SI165.000 1 200.000 155.000 55.000 51331,000) Retained camins 1721 Retained caming-Saare 1/1/21 Ninne 13 dende declared 14 Kutained caming 12/31/21 15 18h 19 News 15 Imantin 195.000 343.000 415,000 95,000 14 341.000 21 23 31 and 34 23 25 Otheringer 27 Codi 100 312.000 25 52.00 INI (291 1,537.00 500,000 31 Centuck 33 Retained caming 53 Tallada 14 (33000 $195,00 L400 Anoni 55 Talasallation schedule 35Merid 37 55 Einka land 40 brand name 41 wan RA 2021 100,00 3000 41 44 Inca Did 453030 155,000 35.000 Complete the four worksheets as follows: 1. Input the consolidated information worksheet provided and complete the fair-value allocation schedule by computing the excess amortizations for 2020 and 2021. 2. Using separate worksheets, prepare Pecos's trial balances for each of the indicated accounting methods (equity, initial value, and partial equity). Use only formulas for the Investment in Suaro, the Income of Suaro, and Retained Earnings accounts. 3. Using references to other cells only (either from the consolidated information worksheet or from the separate method sheets), prepare for each of the three consolidation worksheets: Adjustments and eliminations. . Consolidated balances. 4. Calculate and present the effects of a 2021 total goodwill impairment loss on the following ratios for the consolidated entity: Earnings per share (EPS). Return on assets. Return on equity. Debt to equity. Your worksheets should have the capability to adjust immediately for the possibility that all acquisition goodwill can be considered impaired in 2021