What is the amortization expense?

Angela Corporation (a private company) acquired all of the outstanding voting stock of Eddy Tech, Inc. on January 1, 2018, in exchange for $9,000,000 in cash. At the acquisition date, Eddy Tech's stockholders' equity was $7,200,000 including retained earnings of $3,000,000. At the acquisition date, Angela prepared the following fair value allocation schedule for its newly acquired subsidiary: Consideration transferred Eddy' stockholder's equity Excests fair over book value $ 9,000,000 7,200,000 800,000 to patented technology (5-year remaining life to trade nares (indefinite remaining life) to equipment (8-year remaining life) Goodwil11 150,000 500,000 50,000 700,000 1,100,000 At the end of 2018, Angela and Eddy Tech report the following amounts from their individually maintained account balances, before consideration of their parent-subsidiary relationship. Parentheses indicate a credit balance. Angela Eddy Tech Sales Cost of goods sold Depreciation expense Anortization expense Other operating expenses Net ircome $7,850,0002,400,000) 4,200,000 425,000 250,000 75,000 1,300,000 49,000 12,000 53,750 S 2,900,000) (986,250) Required: Prepare a 2018 consolidated income statement for Angela and its subsidiary Eddy Tech. Assume that Angela, as a private company. elects to amortize goodwill over a 10 year period. Answer is complete but not entirely correct. Angela Company and Subsidiary Consolidated Income Statement For the year ended December 31, 2018 Sales Cost of goods sold Gross profit 10,250,000 5,500,000 ,750,000 Amorbzation expense Other operating expenses s 479.250 190,000 128,750 798,000 3,952000 Consolidated net income