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Parent Ltd. purchased 100% of the shares of Subsidiary Inc. for $150,000. At the date of acquisition, the following information is provided below: Total assets

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Parent Ltd. purchased 100% of the shares of Subsidiary Inc. for $150,000. At the date of acquisition, the following information is provided below: Total assets shown on balance sheet of S Inc. Total liabilities shown on balance sheet of S Inc Goodwill shown on S Inc. balance sheet included in assets above Excess of fair value over carrying amount of S Inc. land Total assets of parent including the investment in Subsidiary Inc. Total liabilities of parent $144,000 24,000 7,500 45,000 450,000 150,000 Assuming that Parent Ltd. prepares a consolidated balance at the date of acquisition, what is the total amount of consolidated assets at that time? (Do not use commas when entering amounts) Assuming that Parent Ltd. prepares a consolidated balance at the date of acquisition, what is the total amount of consolidated shareholders' equity at that time? (Do not use commas when entering amounts)

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