On January 1, Year 5, Black Corp. purchased 90% of the common shares of Whyte Inc. On this date, the following differences were observed with regard to specific net assets of Whyte: Fair Value-Carrying Amount Differences Land + 50,000 Buildings (net) + 20,000 Equipment (net) - 10,000 Notes payable 5.000 The non-consolidated and consolidated balance sheets of Black Corp. on January 1, Year 5, are presented below. Whyte's retained earnings were $140,000 on this date. Non-consolidated Consolidated Cash $ 36.000 $ 52.000 Accounts receivable 116,000 168,000 Inventory 144,000 234,000 Investment in Whyte 292,500 Land 210,000 280,000 Buildings (net) 640,000 720,000 Equipment (net) 308,000 338,000 Goodwill 50,000 $1,746.500 $1,842,000 Accounts payable $ 88,000 96.000 Notes payable 507.500 562,500 Common shares 380,000 380,000 Retained earnings 771,000 771,000 Non-controlling interest 32.500 $1,746.500 $1,842,000 Required Prepare the January 1, Year 5, balance sheet of Whyte Inc. Page 200