You received partial credit in the previous attempt. 2 View previous attem 12.5 points Allen Company acquired 100 percent of Bradford Company's voting stock on January 1, 2017, by Issuing 10,000 shares of its $10 por value common stock (having a fair value of $16.00 per share). As of that date, Bradford had stockholders' equity totaling $109.800. Land shown on Bradford's accounting records was undervalued by $19.700. Equipment (with a five-year remaining life) was undervalued by $7,300. A secret formula developed by Bradford was appraised at $23,200 with an estimated life of 20 years. The following are the separate financial statements for the two companies for the year ending December 31, 2021. There were no Intra-entity payables on that date. Credit balances are indicated by parentheses. eBook Print Allen Corpany $ (647,000) 214,000 150,750 191, 430) $ (373,680) $ (746,000) (373,680) 175,500 $ (944. 180) $ 344,000 266,550 Revenues Coat of goods sold Depreciation expense Subsidiary carnings Net income Retained earnings, 1/1/21 Net Income (above) Dividends declared Retained earnings ,12/31/21 Current assets Investment in Bradford Company Land Buildinge and equipment (not) Total assets Current liabilities Common stock Additional paid-in capital Retained earnings, 12/31/21 Total liabilities and equity Bradford Company $(268,750) 101,500 73,200 0 $ 194,050) $ (110,400) (94,050) 40.000 $ (164,450) $ 106,000 0 References 586.000 882,000 $ 2,078,550 $ (444,370) (600,000) (90,000) (944,180) $(2,078,550) 65,700 207.000 5. 378,700 $ (149,250) (60,000) (5,000) (164,450) $ (378,700) 3-1 . Complete the table to show the allocation of the fair value in excess of book value. (Me Graw Hill Retained earnings, 12/31/21 Total liabilities and equity UU (944,180) $12,078,550) C.000) (164,450) $ (378, 700) 12.5 points a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companies. eBook Complete this question by entering your answers in the tabs below. Print Reg A2 Reg B References Reg A1 Complete the table to show the computation for Subsidiary Earnings. (Negative amounts should be indicated by a minus sign.) Amounts Equity camings $ 0 [Mc Graw HILI (Me Graw Hill Retained earnings, 12/31/21 Total liabilities and equity UU (944,180) $12,078,550) C.000) (164,450) $ (378, 700) 12.5 points a-1. Complete the table to show the allocation of the fair value in excess of book value. a-2. Complete the table to show the computation for Subsidiary Earnings. b. Complete the worksheet by consolidating the financial information for these two companies. eBook Complete this question by entering your answers in the tabs below. Print Reg A2 Reg B References Reg A1 Complete the table to show the computation for Subsidiary Earnings. (Negative amounts should be indicated by a minus sign.) Amounts Equity camings $ 0 [Mc Graw HILI