Snapwell Corporation acquired all of the common stock of Tall Company on January 1, 20X1, by issuing 6,400 shares of its \(\$ 5\) par value common stock. Balance sheet data for Snapwell and Tall at December \(31,20 \mathrm{X} 0\), are as follows:

On December 31, 20X0, Tall Company owed Snapwell Corporation \(\$ 5,500\) on accounts payable.
Required Prepare a consolidated balance sheet immediately following the acquisition.

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Snapwell Corporation $ 90.000 Tall Company $ 15,000 Cash Accounts Receivable Inventory 100,000 30.000 160,000 70,000 Land 50.000 18.000 Buildings and Equipment (net) 230.000 180,000 Goodwill 40,000 17,000 Total Debits $670,000 $330,000