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: Plant assets Current assets FLA Company MES Company Carrying Carrying Fair Amount Fair Value Amount Value $ 60,000 $70,000 $20,000 $25,000 40,000 47,500 10,000 11, 2ee $100,000 $ 30,000 $ 30,000 $10,000 35,000 12,500 15,000 19.00 2,500 3,200 20,000 20,000 5,000 5,000 $100,000 $ 30,000 Ordinary shares Retained earnings Long-term debt Current liabilities Required: (a) Prepare a consolidated statement of financial position for FLA Company and its non wholly owned subsidiary at January 1, Year under each of the following: (1) Identifiable net assets method FLA Company Consolidated Statement of Financial Position January 1, Year 6 Prey 1 of 1 !! Next FLA Company Consolidated Statement of Financial Position January 1, Year 5 FLA Company Consolidated Statement of Financial Position January 1, Year 5