On January 1, Year 5, Green Inc. purchased 100% of the common shares of Mansford Corp. for $339,000. Greens balance sheet data on this date just prior to this acquisition were as follows:

	Carrying Amount			Tax Base
Cash	$	343,400		$	343,400
Accounts receivable		167,400			0
Inventory		274,520			274,520
Land		325,600			325,600
Buildings (net)		250,600			150,000
Equipment (net)		79,200			46,200
	$	1,440,720		$	1,139,720
Current liabilities	$	134,000		$	134,000
Deferred tax liability		135,450
Non-current liabilities
Common shares		381,600
Retained earnings		789,670
	$	1,440,720

The balance sheet and other related data for Mansford are as follows:

MANSFORD CORP.BALANCE SHEET
At January 1, Year 5
	Carrying Amount			Fair Value			Tax Base
Cash	$	52,900		$	52,900		$	52,900
Accounts receivable		62,050			62,050			62,050
Inventory		114,000			134,400			114,000
Land		79,000			214,000			79,000
Buildings (net)		25,000			28,000			15,400
Equipment (net)		19,400			18,400			12,800
	$	352,350		$	509,750		$	336,150
Current liabilities	$	41,715		$	41,715		$	41,715
Non-current liabilities		150,800			155,000			150,800
Deferred tax liability		7,290
Common shares		101,200
Retained earnings		51,345
	$	352,350

Additional Information:

• As at January 1, Year 5, the estimated useful lives of the building and equipment were 15 years and 4 years, respectively, and the term to maturity was 10 years for the non-current liabilities.
• There has been no goodwill impairment since the date of acquisition.
• For both companies, the income tax rate is 45%. Deferred income taxes are recognized on the consolidated financial statement pertaining to the temporary differences arising from the acquisition differential.

Required:

(a) Prepare a consolidated balance sheet at January 1, Year 5.

(b) Prepare a schedule of changes to the acquisition differential for the period from January 1, Year 5, to December 31, Year 8. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit $ sign in your response.)

Changes to Acquisition Differential
	Balance		Changes				Balance
	Jan 1, Yr 5		Yrs 5 to 7		Yr 8		Dec 31, Yr 8
Inventory	$		$		$		$
Land
Buildings (net)
Equipment (net)
Non-current liabilities
	$		$		$		$
Deferred tax liability
Goodwill
	$		$		$		$

(c) Prepare the consolidated balance sheet using the worksheet approach. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit $ sign in your response.)

Green Inc.
Consolidated Financial Statements
January 1, Year 5
			Entries
	Green	Mansford	Dr.	Cr.	Consolidated
Statement of Financial Position
Cash	$	$	$	$	$
Accounts receivable
Inventory
Investment in Mansford
Acquisition differential
Land
Buildings (net)
Equipment (net)
Goodwill
	$	$			$
Current liabilities	$	$			$
Deferred tax liability
Non-current liabilities
Common shares
Retained earnings
	$	$			$
			$	$