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help with the wrong answers PLEASE WILL UPVOTE NEED ASAP Allison Corporation acquired all of the outstanding voting stock of Mathias, Incorporated, on January 1

help with the wrong answers PLEASE WILL UPVOTE NEED ASAP
Allison Corporation acquired all of the outstanding voting stock of Mathias, Incorporated, on January 1,2023, in exchange for $6,039,000 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathiass stockholders equity was $2,040,000 including retained earnings of $1,540,000.
At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary:
Consideration transferred $ 6,039,000
Mathias stockholders' equity 2,040,000
Excess fair over book value $ 3,999,000
to unpatented technology (8-year remaining life) $ 864,000
to patents (10-year remaining life)2,580,000
to increase long-term debt (undervalued,5-year remaining life)(140,000)3,304,000
Goodwill $ 695,000
Postacquisition, Allison employs the equity method to account for its investment in Mathias. During the two years following the business combination, Mathias reports the following income and dividends:
Year Income Dividends
2023 $ 465,000 $ 25,000
2024930,00050,000
No asset impairments have occurred since the acquisition date.
Individual financial statements for each company as of December 31,2024, follow. Parentheses indicate credit balances. Dividends declared were paid in the same period.
Items Allison Mathias
Income Statement
Sales $ (6,560,000) $ (3,940,000)
Cost of goods sold 4,612,0002,526,000
Depreciation expense 915,000301,000
Amortization expense 450,000115,000
Interest expense 71,00068,000
Equity earnings in Mathias (592,000)0
Net income $ (1,104,000) $ (930,000)
Statement of Retained Earnings
Retained earnings, 1/1 $ (5,420,000) $ (1,980,000)
Net income (above)(1,104,000)(930,000)
Dividends declared 560,00050,000
Retained earnings, 12/31 $ (5,964,000) $ (2,860,000)
Balance Sheet
Cash $ 87,000 $ 155,000
Accounts receivable 990,000245,000
Inventory 1,780,000825,000
Investment in Mathias 6,683,0000
Equipment (net)3,780,0002,080,000
Patents 115,0000
Unpatented technology 2,165,0001,490,000
Goodwill 453,0000
Total assets $ 16,053,000 $ 4,795,000
Accounts payable $ (889,000) $ (235,000)
Long-term debt (1,000,000)(1,200,000)
Common stock (8,200,000)(500,000)
Retained earnings, 12/31(5,964,000)(2,860,000)
Total liabilities and equity $ (16,053,000) $ (4,795,000)
Required:
Determine the annual excess fair over book value amortization.
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