A problem for the course modern advanced accounting

On January 1, 2017, A Inc. purchased 80% of the outstanding common shares of B Co. for $400,000. A will account for B using the Fair Value Enterprise method. The balance sheets for both companies immediately after the transaction appear below.

	A Inc.	B Co.
		Book value	Fair value
Cash	$115,000	$30,000	$30,000
a/r	205,000	90,000	90,000
Inventory	160,000	130,000	140,000
Plant and equipment	700,000	560,000	540,000
Land	80,000	90,000	150,000
Investment in Sad Co.	400,000	-	-
Goodwill	-	25,000	-
	$1,660,000	$925,000
a/p	$250,000	$170,000	$170,000
Bonds payable	640,000	450,000	460,000
Common shares	350,000	240,000
r/e	420,000	65,000
	$1,660,000	$925,000

Require: Prepare a consolidated balance sheet.

All information is given in the content above.