PLEASE HELP ME SOLVE THE REST OF THIS CONSOLIDATED WORKSHEET^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

  • Attachment 1
  • Attachment 2
  • Attachment 3

On January 1, 2017, Procise Corporation acquired 100 percent of the outstanding voting stock of GaugeRite Corporation for$1,993,850 cash. On the acquisition date, GaugeRite had the following balance sheet: Cash 5 65,000 Accounts payable 5 126,000Accounts receivable 108,000 Long—term debt 1,003,000Land 772,000 Common stock 1,030,000Equipment (net) 1,905,000 Retained earnings 691,000 $2,850,000 $2,850,000 At the acquisition date, the following allocation was prepared: Fair value of consideration transferred 5 1,993,850Book value acquired 1,721,000Excess fair value over book value 272,850To in—process research and development 5 63,250To equipment (8—year remaining life) 77,600 140,850 To goodwill (indefinite life) S 132,000