On January 1, Year 5, FLA Company issued 6,300 ordinary shares to purchase 9,000 ordinary shares of MES Company. Prior to the acquisition, FLA had 180,000 and MES had 10,000 ordinary shares outstanding, which were trading at $5 and $3 per share, respectively. The following information has been assembled for these two companies just prior to the acquisition: FLA Company MES Company Carrying Amount Fair Value Carrying Amount Fair Value Plant assets $ 60,000 $ 70,000 $ 20,000 $ 25,000 Current assets 40,000 47,500 10,000 11,200 $ 100,000 $ 30,000 Ordinary shares $ 30,000 $ 10,000 Retained earnings 35,000 12,500 Long-term debt 15,000 19,000 2,500 3,200 Current liabilities 20,000 20,000 5,000 5,000 $ 100,000 $ 30,000 Required: (a) Prepare a consolidated statement of financial position for FLA Company and its nonwholly owned subsidiary at January 1, Year 5, under each of the following: (i) Identifiable net assets method (ii) Fair value enterprise method