E Ltd. 0 Ltd. Cash and receivables Inventory Plant assets (net) Intangible assets Current liabilities. Long-term debt ed Common shares Retained earnings (deficit) $ 96,500 $ 20,500 58,000 230,000 9,500 71,500 24,500 7,000 $ 409,000 $ 108,500 $ 64,000 $ 30,100 98,500 45,200 155,000 46,600 91,500 (13,400) ok ces $ 409,000 $ 108,500 On December 31, Year 6, E Ltd. issued 497 shares, with a fair value of $40 each, for 70% of the outstanding shares of J L- involved in the acquisition, paid in cash, were as follows: Costs of arranging the acquisition Costs of issuing shares $ 2,600 1,800 $ 4,400 The carrying amounts of J Ltd.'s net assets were equal to fair values on this date except for the following: Plant assets Long-term debt Fair value $ 65,500 42,000 E Ltd. was identified as the acquirer in the combination. Required: (a) Prepare the consolidated balance sheet of E Ltd. on December 31, Year 6, under the identifiable net assets method.