Preparing a worksheet to determine the consolidated values to be reported on Allison's financial statements.

Please show all calculations. Thank you!

1.) What is the Debit for the patents?

2.) What is the Debit for the unpatented technology?

3.) What is the Credit for the Long-term debt?

Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1,2020 , in exchange for $6,059,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias's stockholders' equity was $2,045,000 including retained earnings of $1,545,000. At the acquisition date, Allison prepared the following fair-value allocation schedule for its newly acquired subsidiary: 00 00100 00100 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: No asset impairments have occurred since the acquisition date. Individual financial statements for each company as of December 31, 2021, follow. Parentheses indicate credit balances. Dividends declared were paid in the same period