G Company is considering the takeover of K Company whereby it will issue 7,500 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 14,000 shares outstanding, which were trading at $9.30 per share. The following information has been assembled: Current assets Plant assets (net) Current liabilities Long-term debt Common shares Retained earnings G Company Carrying Amount $ 61,500 75,000 $136,500 Fair Value $ 55,000 85,000 Carrying Amount $ 25,000 35,000 K Company Fair Value $ 16,700 54,000 $ 60,000 $ 21,500 21,500 $ 6,500 22,500 26,500 4,000 6,500 6,100 59,000 25,000 33,500 24,500 $136,500 $ 60,000 Required: (a) Prepare G Company's consolidated balance sheet immediately after the combination using the direct approach and accounting for the combination with (i) The acquisition method G Company Consolidated Balance Sheet Assets