Pueblo Corporation acquired all of Spartan Companys outstanding stock on January 1, 2018, for $1,320,000 cash. Spartans accounting records reflected net assets on that date of $1,034,000, although equipment with a 10-year life was undervalued on the records by $198,000. Any recognized goodwill is considered to have an indefinite life. Spartan reports net income in 2018 of $198,000 and $220,000 in 2019. The subsidiary paid dividends of $44,000 in each of these two years. Financial figures for the year ending December 31, 2020, follow. Credit balances are indicated by parentheses. Pueblo Spartan Revenues. $(1,760,000) $(1,320,000) Cost of goods sold 220,000 330,000 Depreciation expense. 660,000 770,000 Investment income. . (44,000) 0 Net income $(924,000) $(220,000) Retained earnings 1/1/20 . . $(2,420,000) $(704,000) Net income (924,000) (220,000) Dividends paid 264,000 44,000 Retained earnings, 12/31/17 $(3,080,000) $(880,000) Current assets. $660,000 $220,000 Investment in subsidiary 1,320,000 0 Equipment (net) 1,980,000 1,320,000 Buildings (net) 1,760,000 880,000 Land. 1,320,000 220,000 Total assets $7,040,000 $2,640,000 Liabilities. $(1,980,000) $(1,100,000) Common stock. (1,980,000) (660,000) Retained earnings . . (3,080,000) (880,000) Total liabilities and equity. $(7,040,000) $(2,640,000) I need to know the following; Consolidated balances three years after the date of acquisition. Includes questions about parent's method of recording investment for internal reporting purposes. Consideration transferred 01/01/20 Life (If applicable) Annual Excess Amortizations(If Applicable) Book Value Given Life (If applicable) Annual Excess Amortizations(If Applicable) Fair Value in Excess of book value Life (If applicable) Annual Excess Amortizations(If Applicable) Allocation to equipment based on difference of fair and book value Life (If applicable) Annual Excess Amortizations(If Applicable) GoodWill Life (If applicable) Annual Excess Amortizations(If Applicable) Total