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Parent Inc. and Sub Inc. had the following balance sheets on July 31, 2019: Parent Inc Sub Inc Sub Inc (carrying value) (carrying value) (fair

Parent Inc. and Sub Inc. had the following balance sheets on July 31, 2019:

Parent Inc Sub Inc Sub Inc
(carrying value) (carrying value) (fair value)
Cash $180,000 $36,000 $36,000
Accounts Receivable $100,000 $40,000 $40,000
Inventory $ 60,000 $24,000 $27,000
Plant and Equipment (net) $200,000 $80,000 $93,000
Goodwill $ - $ 8,000
Trademark $ - $12,000 $15,000
Total Assets $540,000 $200,000
Current Liabilities $ 80,000 $50,000 $50,000
Bonds Payable $320,000 $20,000 $24,000
Common Shares $ 90,000 $80,000
Retained Earnings $ 50,000 $50,000
Total Liabilities and Equity $540,000 $200,000

Assuming that Parent Inc acquires 80% of Sub Inc on August 1, 2019 for cash of $180,000, the assets section of Parent's consolidated balance sheet on the date of acquisition would total to what amount under the fair value enterprise method?

Assuming that Parent Inc acquires 80% of Sub Inc on August 1, 2019 for cash of $180,000, the liabilities section of Parent's consolidated balance sheet on the date of acquisition (August 1, 2019) would total to what amount under the fair value enterprise method?

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