(Solved): The following are several figures reported for Allister and Barone as of December 31,2021 : Allist ...

The following are several figures reported for Allister and Barone as of December 31,2021 : Allister acquired 90 percent of Barone in January 2020 . In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth \( \$ 76,000 \) that was unrecorded on its accounting records and had a five-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021 , Barone sells inventory costing \( \$ 140,000 \) to Allister for \( \$ 200,000 \). Of this amount, 15 percent remains unsold in Allister's warehouse at year-end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021 :