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.