Assignment Saved G Company is considering the takeover of K Company whereby it will issue 7,200 common shares for all of the outstanding shares of K Company. K Company will become a wholly owned subsidiary of G Company. Prior to the acquisition, G Company had 15,000 shares outstanding, which were trading at $9.10 per share. The following information has been assembled: Current assets G Company Carrying Amount K Company Carrying Amount Fair Value $ 15,200 Fair Value $ 59,000 Plant assets (net) 72,000 $ 53,500 82,000 $131,000 $ 22,000 32,000 $ 54,000 50,000 Current liabilities. $ 21,200 21,200 $ 6,200 Long-term debt 21,000 25,000 3,700 6,200 5,700 Common shares Retained earnings 55,000 22,000 33,800 22,100 $131,000 $ 54,000 Required: (a) Prepare G Company's consolidated balance sheet immediately after the combination using the direct approach and accounting for the combination with (0) The acquisition method Assets G Company Consolidated Balance Sheet Liabilities and Equity