On July $1,2024,$ Truman Company acqulred a $70$ percent Interest In Atlanta Company In exchange for consideratlon of $$776,000$ In cash and equity securltles$.$ The remalning $30$ percent of Atlanta's shares traded closely near an average price that totaled $$314,000$ both before and after Truman's acqulsition.

In revlewing its acqulsition, Truman assigned a $$140,500$ falr value to a patent recently developed by Atlanta, even though it was not recorded within the financlal records of the subsidlary. This patent Is anticlpated to have a remalning life of flve years.

The following financlal Information Is avallable for these two companies for $2024.$ In additlon, the subsidlary's income was earned unlformly throughout the year. The subsidlary declared dividends quarterly.

Required:

a$.$ How did Truman allocate Atlanta's acquisition$=$date falr value to the varlous assets acqulred and llabllitles assumed in the comblnation?

b$.$ How did Truman allocate the goodwill from the acquisition across the controlling and noncontrolling Interests?

c$.$ How did Truman derive the Investment In Atlanta account balance at the end of $2024?$

d$.$ Prepare a worksheet to consolidate the financlal statements of these two companies as of December $31,2024.$ At yeap$-$end, there were no intra$=$entlty recelvables or payables.