E Company purchased 80% of the outstanding common stock of P Company on January 2,2020, for $390,000. Balance sheets for E Company and P Company immediately after the stock acquisition were as follows: P Company owed E Company $22,000 on open account on the date of acquisition. Prepare a consolidated balance sheet for E and P Companies on the date of acquisition. Any difference between the value implied by he purchase price of the investment and the book value of net assets acquired relates to subsidiary land. The book values of P Company's other assets and liabilities are equal to their fair values. (List assets in order of liquidity.)