This is my third time posting the same exact question. Can someone please provide me with the correct solution to this problem please?Thank You in advance.

On July 1, 2018, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $764,050 in cash and equity securities. The remaining 30 percent of Atlantas shares traded closely near an average price that totaled $327,450 both before and after Trumans acquisition.

In reviewing its acquisition, Truman assigned a $108,000 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years.

The following financial information is available for these two companies for 2018. In addition, the subsidiarys income was earned uniformly throughout the year. The subsidiary declared dividends quarterly.

	Truman				Atlanta
Revenues	$	(693,510	)		$	(445,000	)
Operating expenses		421,000				322,000
Income of subsidiary		(35,490	)			0
Net income	$	(308,000	)		$	(123,000	)
Retained earnings, 1/1/18	$	(849,000	)		$	(567,000	)
Net income (above)		(308,000	)			(123,000	)
Dividends declared		160,000				90,000
Retained earnings, 12/31/18	$	(997,000	)		$	(600,000	)
Current assets	$	411,960			$	408,000
Investment in Atlanta		768,040				0
Land		470,000				246,000
Buildings		726,000				633,000
Total assets	$	2,376,000			$	1,287,000
Liabilities	$	(879,000	)		$	(367,000	)
Common stock		(95,000	)			(300,000	)
Additional paid-in capital		(405,000	)			(20,000	)
Retained earnings, 12/31/18		(997,000	)			(600,000	)
Total liabilities and stockholders' equity	$	(2,376,000	)		$	(1,287,000	)

How did Truman allocate Atlantas acquisition-date fair value to the various assets acquired and liabilities assumed in the combination?

How did Truman allocate the goodwill from the acquisition across the controlling and noncontrolling interests?

How did Truman derive the Investment in Atlanta account balance at the end of 2018?

Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2018. At year-end, there were no intra-entity receivables or payables.

Complete this question by entering your answers in the tabs below. Required A Required BRequired C Required D How did Truman allocate Atlanta's acquisition-date fair value to the various assets acquired and liabilities assumed in the combination? Consideration transferred by Truman Noncontrolling interest fair value Atlanta's acquisition-date total fair value Book value of Atlanta Fair value in excess of book value Excess fair value assigned: $ 764,050 327,450 S 1,091,500 188,000 S 903,500 Patent (108,000) $ 795,500 Goodwill