Why the book value is 1,310,000, excess on intangible allocation 694,000, and dividends 80,000?

All information for the problem are provided below

ProForm acquired 60 percent of ClipRite on June 30, 2017, for $840,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $700,000 was recognized and is being amortized at the rate of $12,000 per year. No goodwill was recognized in the acquisition. The noncontrolling interest fair value was assessed at $560,000 at the acquisition date. The 2018 financial statements information:

net income ProForm (133,000) Clip Rite (260,000)

Retained Earnings 1/1/18 ProForm (2,000,000) Clip Rite (1,010,000)

Retained Earnings 12/31/18 ProForm 1,873,000 Clip Rite (1,190,000)

Cash and Receivables ProForm 560,000 Clip Rite 460,000

Inventory ProForm 450,000 Clip Rite 860,000

Investement in ClipRite ProForm 840,000

Fixed assets ProForm 1,300,000 Clip Rite 1,400,000

Accumulated Depreciation Pro (200,000) Clip (350,000)

Liabilites Pro Form (777,000) Clip (880,000)

Common Stock P (300,000) Clip (300,000)

ProForm sold ClipRite inventory costing $85,000 during the last six months of 2017 for $250,000. At year-end, 30 percent remained. ProForm sells ClipRite inventory costing $280,000 during 2018 for $410,000. At year-end, 10 percent is left.