On December 31, 2019, Remburn Inc. purchased 80% of the outstanding voting shares of Stanton Inc. for $350,000 plus a commitment to pay an additional $150,000 in two years if sales grow by more than 30% over the next two years. An independent business valuator stated that the contingent consideration based on sales growth could have settled by Remburn by paying an extra $50,000 at the date of acquisition. The balance sheets of both companies, as well as Stanton's fair values on the date of acquisition are shown below:

	Remburn Inc.	Stanton Inc.	Stanton Inc.
	(carrying value)	(carrying value)	(fair value)
Cash	$400,000	$5,000	$5,000
Accounts Receivable	$240,000	$30,000	$30,000
Inventory	$60,000	$30,000	$50,000
Investment in Stanton Inc.	$90,000
Equipment (net)	$160,000	$25,000	$20,000
Land	-	$20,000	$30,000
Trademark	-	$10,000	$15,000
Total Assets	$950,000	$120,000
Current Liabilities	$500,000	$50,000	$50,000
Bonds Payable	$120,000	$20,000	$30,000
Common Shares	$200,000	$30,000
Retained Earnings	$130,000	$20,000
Total Liabilities and Equity	$950,000	$120,000

Required Prepare a consolidated balance sheet as at December 31, 2019