so tgat is the problem. i do have this solution though:

so my wuestion is, where did this souloution get the numbers for the adjusting entries. and what did they do to complete the allocation schedule? i cannot find in this souloution where they have conpleted requirment 1. so i guess requirment 1 is really my question. thanks so much. i am totally lost on this.

Excel Spreadsheet Project Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements In this project, you are to provide an analysis of alternative accounting methods for controlling interest investments and subsequent effects on consolidated reporting using Excel. Modeling in Excel helps you quickly assess the impact of alternative accounting imethods on consolidated financial reporting, and helps you develop a better understanding of accounting for combined reporting entities Prec 154 Consolidated Worksheet Preparation You will be creating and entering formulas to complete four worksheets. The first objective is to demonstrate the effect of different methods of accounting for the investments (equity, initial value, and partial equity) on the parent company's trial balance and on the consolidated worksheet subsequent to acquisition. The second objective is to show the effect on consolidated balances and key financial ratios of recognizing a goodwill impairment loss. The project requires preparation of the following four separate worksheets: a. Consolidated information worksheet (follows). b. Equity method consolidation worksheet. c. Initial value method consolidation worksheet. d. Partial equity method consolidation worksheet. In formulating your solution, each worksheet should link directly to the first worksheet. Also, feel free to create supplemencal sehedules to enhance the capabilities of your worksheet. enhance the capabilttes of your worksheet. Project Scenario Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on January 1, 2020, when Suaro had the following balance sheet: At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows: Additional Information Additional Information - Although at acquisition date Pecos expected future benefits from Suaro's in-process research and development (R\&D), by the end of 2020 it became clear that the research project was a failure with no future economic benefits. - During 2020, Suaro earns $75,000 and pays no dividends. - Selected amounts from Pecos's and Suaro's separate financial statements at December 31, 2021, are presented in the consolidated information worksheet. All consolidated worksheets are to be prepared as of December 31, 2021, two years subsequent to acquisition. - Pecos's January 1, 2021, Retained Earnings balance-before any effect from Suaro's 2020 income-is $(930,000) (credit balance). - Pecos has 500,000 common shares outstanding for EPS calculations and reported \$2,943,100 for consolidated assets at the beginning of the period. The following is the consolidated information worksheet. Page155 \begin{tabular}{|c|c|c|c|c|} \hline 1 & \begin{tabular}{l} Deecmber 31, 2021, trial \\ balances \end{tabular} & B & c & D \\ \hline 2 & & & & \\ \hline 3 & & Pecos & Snaro & \\ \hline 4 & Revenues & $(1,052,000) & $(427,000) & \\ \hline 5 & Operating expenses & 821.000 & 262,000 & \\ \hline 6 & Goodwill impairment loss & ? & & \\ \hline 7 & Income of Suaro & ? & & \\ \hline 8 & Net income & ? & S(165,000) & \\ \hline 9 & A & & & \\ \hline 10 & Retained earnings-Pecos 1/1/21 & ? & & \\ \hline II & Retained earnings-Suaro 1/1/21 & 7 & (201,000) & \\ \hline 12 & Net income (above) & ? & (165,000) & \\ \hline 13 & Dividends declared & 200,000 & 35,000 & \\ \hline 14 & Retained carnings 12/31/21 & ? & $(331.000) & \\ \hline 15 & & & & \\ \hline 16 & Cash & 195,000 & 95,000 & \\ \hline 17 & Receivabies & 247,000 & 143,000 & \\ \hline 18 & Inventory & 415,000 & 197,000 & \\ \hline 19 & Investment in Suaro & ? & & \\ \hline 20 & & & & \\ \hline 21 & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline 22 & & & & \\ \hline 23 & Land & & & \\ \hline 24 & Equipment (net) & 341,000 & 85,000 & \\ \hline 25 & Software & 240.100 & 100,000 & \\ \hline 26 & Other intangibles & & 312,000 & \\ \hline 27 & Goodwill & 145,000 & & \\ \hline 28 & Total assets & & . & \\ \hline 29 & & ? & $932,000 & \\ \hline 30 & Liabilities & & & \\ \hline 31 & Common stck & (1,537,100) & (251,000) & \\ \hline 32 & Retained earnings (above) & (500,000) & (350,000) & \\ \hline 33 & Total liabilities and equity & ? & (331,000) & \\ \hline 34 & & ? & S(932.000) & \\ \hline 35 & Fairvalue allocation schedule & & , & \\ \hline 36 & Price paid & & & \\ \hline 37 & Book value & 1,450,000 & & \\ \hline 38 & Excens initial value & 476,000 & & \\ \hline 39 & to land & 974,000 & Amortizations & \\ \hline 40 & to brand name & (10,000) & 2020 & 2021 \\ \hline 41 & 1. to software & 60,000 & ? & 7 \\ \hline 42 & 2 to IPRAD & 100,000 & ? & ? \\ \hline \end{tabular} Project Requirements Coaplete the four norksheets as follows: amortirations for 2020 and 2021. Project Requirements Complete the four worksheets as follows: 1. Input the consolidated information worksheet provided and complete the fairvalue allocation schedule by computing the excess amortizations for 2020 and 2021. 2. Using separate worksheets, prepare Pecos's trial balanees for each of the indicated accounting methods (equity, initial value, and partial equity). Use only formulas for the Investment in Suaro, the Income of Suaro, and Retained Earnings accounts: PECOS COMPANY AND SUARO COMPANY Consolidated Worksheet For Year Ending December 31, 2018 EnIIITV METUAn PECOS COMPANY AND SUARO COMPANY Consolldated Worksheet PECOS COMPANY AND SUARO COMPANY Consolidated Worksheet For Year Ending December 31, 2018 PARTIAI EniutV artuma