Allen Company acquired 100 percent of Bradford Company’s voting stock on January 1, 2014, by issuing 10,000 shares of its $10 par value common stock (having a fair value of $14 per share). As of that date, Bradford had stockholders’ equity totaling $105,000. Land shown on Bradford’s accounting records was undervalued by $10,000. Equipment (with a five-year remaining life) was undervalued by $5,000. A secret formula developed by Bradford was appraised at $20,000 with an estimated life of 20 years.Following are the separate financial statements for the two companies for the year ending December 31, 2018. There were no intra-entity payables on that date. Credit balances are indicated by parentheses.Allen CompanyBradford CompanyRevenues$ (485,000)$(190,000)Cost of goods sold160,000 70,000 Depreciation expense130,000 52,000 Subsidiary earnings (66,000) –0–Net income$ (261,000)$ (68,000)Retained earnings, 1/1/18$ (659,000)$ (98,000)Net income (above)(261,000)(68,000)Dividends declared 175,500 40,000 Retained earnings, 12/31/18$ (744,500)$(126,000)Current assets$  268,000 $  75,000 Investment in Bradford Company216,000 –0–Land427,500 58,000 Buildings and equipment (net) 713,000 161,000 Total assets$ 1,624,500 $  294,000 Current liabilities$ (190,000)$(103,000)Common stock(600,000)(60,000)Additional paid-in capital(90,000)(5,000)Retained earnings, 12/31/18 (744,500) (126,000)Total liabilities and equity$(1,624,500)$(294,000)page 146 Explain how Allen derived the $66,000 balance in the Subsidiary Earnings account.Prepare a worksheet to consolidate the financial information for these two companies.DUE BY 8pm 1/28/18

For the purposes of this assignment, Please watch the following video in its entirety: BLACK & BLUE: Hip Hop Cops https://youtu.be/hPXjLUyYnpE . Please provide me a synopsis of the film, including your own critique. What are your thoughts on the 500 page Dossier? Are Hip Hop artists being unlawfully profiled by law enforcement, or is it just intelligence gathering and good police work?Include a minimum of three external sources in your final paper and make sure to properly cite the selected resources using APA style. Your final paper must include a cover page and a reference page, and should include a minimum of at least 700 words (not including the cover and reference page). Additionally, the final draft should be double-spaced, free of grammatical and structural errors, and include standard margins and fonts. Please remember that this assignment, as well as all of the others associated with this course, is expected to be your own original work.