Assume the differences in the book values to fair values are as follows: inventory 1-year, land indefinite, patent 10-years, building and equipment 10-years, and bonds payable 2-years. Required. 1. 2. 3. 4. Prepare, in good form, an allocation schedule of the excess fair value of the compensation paid by Bayer and calculate the annual excess amortization. Prepare the journal entry to record the business combination on the books of Bayer Corporation as of 1/1/18 if the two entities continue to exist and that separate entities. Prepare the journal entry to record the business combination on the books of Bayer Corporation as of 1/1/18 if Monsanto was dissolved and was no longer an operating entity. Prepare elimination entry "A" for 2018 and 2019