Griffin Corporation and Davis Company Separate Balance sheets (prior to business combination) December 31, 2019 Griffin Davis Corporation Company Cash $3,000,000 1,000,000 4.000.000 8,000,000 $500,000 300,000 900.000* 1,700,000 Inventories Plant assets Total assets Current liabilities Common Stock Add pd in capital Retained earnings Total liabilities and S/E $ 900,000 2,000,000 4,000,000 1.100.000 8,000,000 200,000 400,000 600,000 500.000 1,700,000 *On December 31, 2019, the Current fair value of Davis plant asset was $1,200,000. A. On December 31, 2019, Griffin Corporation acquired all of the outstanding common stock of Davis Company for $1,950,000 cash. Prepare the consolidated balance sheet for Griffin Corporation and subsidiary.