Question: Hello Please please Help with this question Thank you so much! Allen Company acquired 100 percent of Bradford Company's voting stock on January 1,2017 ,

 Hello Please please Help with this question Thank you so much!

Allen Company acquired 100 percent of Bradford Company's voting stock on January

1,2017 , by Issulng 10,000 shares of Its $10 par value common

stock (having a falr value of $16.50 per share). As of that

Hello Please please Help with this question

Thank you so much!

Allen Company acquired 100 percent of Bradford Company's voting stock on January 1,2017 , by Issulng 10,000 shares of Its $10 par value common stock (having a falr value of $16.50 per share). As of that date, Bradford had stockholders' equity totaling $108,600. Land shown on Bradford's accounting records was undervalued by $11,400. Equlpment (with a five-year remaining life) was undervalued by $9,800. A secret formula developed by Bradford was appralsed at $35,200 with an estimated life of 20 years. The following are the separate financlal statements for the two companles for the year ending December 31, 2021. There were no Intra-entity payables on that date. Credit balances are Indicated by parentheses. a-1. Complete the table to show the allocation of the falr 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. Complete this question by entering your answers in the tabs below. Complete the table to show the allocation of the fair value in excess of book value. a-1. Complete the table to show the allocation of the falr 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. Complete this question by entering your answers in the tabs below. Complete the table to show the computation for Subsidiary Earnings. (Negative amounts should be indicated by a minus sign.)

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