Jean Inc and John Inc had the following balance sheets on August 31, 2019:

	Jean Inc.	John Inc.	John Inc.
	(carrying value)	(carrying value)	(fair value)
Cash	$1,200,000	$300,000	$300,000
Accounts Receivable	$ 400,000	$ 64,000	$ 64,000
Inventory	$ 240,000	$ 80,000	$ 60,000
Plant and Equipment (net)	$ 860,000	$256,000	$300,000
Trademark		$ 20,000	$ 36,000
Total Assets	$2,700,000	$720,000
Accounts Payable	$1,500,000	$300,000	$300,000
Bonds Payable	$ 600,000	$240,000	$210,000
Common Shares	$ 500,000	$ 60,000
Retained Earnings	$ 100,000	$120,000
Total Liabilities and Equity	$2,700,000	$720,000

On August 31, 2019, Jean's date of acquisition, Jean Inc. purchased 90% of John Inc. for cash consideration of $400,000. Assuming the above balance sheets were prepared immediately before the acquisition, prepare Jean Inc's consolidated balance sheet on the date of acquisition using the Proportionate Consolidation Method.

On August 31, 2019, Jean's date of acquisition, Jean Inc. purchased 90% of John Inc. for cash consideration of $400,000. Assuming the above balance sheets were prepared immediately before the acquisition, prepare Jean Inc's consolidated balance sheet on the date of acquisition using the Fair Value Enterprise Method.