Record the amortized excess value reclassification entry.

Mill Corporation acquired 100 percent ownership of Roller Company on January 1, 20X8, for $118,000. At that date, the fair value of Roller's buildings and equipment was $16,000 more than the book value Buildings and equipment are depreciated on a 5-year basis. Although goodwill is not amortized, Mill's management concluded at December 31, 20X8, that goodwill involved in its acquisition of Roller shares had been impaired and the correct carrying value was $2,900 Trial balance data for Mill and Roller on December 31, 20X8, are as follows: 5 Mill Corporation Roller Company Debit Credit $ 30,500 Cash Accounts Receivable Inventory $32,000 23,000 36,000 26,000 152,000 Buildings & Equipment Investment in Roller Co. Stock Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense 84,000 104,000 44,000 365,000 118,500 135,000 37,000 25,000 120,000 10,000 38,000 15,200 Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock $ 129,000 33,000 $ 21,000 137,000 188,000 221,800 268,000 15,700 123,200 57,000 37,000 183,000 etained Earnings Sales Income from Subsidiary $1,006,500 $1,006,500 $443,200 $443,200