Problem 6 (15 points) Pruin Corpontion acquired all of the voting stock of Satto Corporation on January 1, 2020, for $210,000 when Satto had common stock of $150,000 and retained eamings of $24,000. The excess of implied over book value was allocated $9,000 to inventories that were sold in 2020,$12,000 to equipmsent with a 4 -year remaining useful life under the straight-line method, and the remainder to goodwill. Financial statements for Pruitt and Satto Corporations at the end of the fiseal year ended December 31, 2021 (two years after acquisition), appear in the first two columns of the partially completed consolidated statements workpaper. Pruin Corp. has accounted for its investment in Satto using the partial equity method of accounting. Problem 6 (15 points) Pruin Corpontion acquired all of the voting stock of Satto Corporation on January 1, 2020, for $210,000 when Satto had common stock of $150,000 and retained eamings of $24,000. The excess of implied over book value was allocated $9,000 to inventories that were sold in 2020,$12,000 to equipmsent with a 4 -year remaining useful life under the straight-line method, and the remainder to goodwill. Financial statements for Pruitt and Satto Corporations at the end of the fiseal year ended December 31, 2021 (two years after acquisition), appear in the first two columns of the partially completed consolidated statements workpaper. Pruin Corp. has accounted for its investment in Satto using the partial equity method of accounting