Plano Company acquires an 60% interest in its Dallas for a purchase price of $800,760. The excess of the purchase price over the book value of the Dallass Stockholders Equity is allocated to a building (in PPE, net) that is worth $169,800 more than its book value, an unrecorded Patent that the parent valued at $100,000, and Goodwill of $280,000, 60% of which is allocated to the parent.

Plano and Dallas report the following balance sheets on the acquisition date:

	Plano	Dallas			Plano	Dallas
Cash	$1,200,000	$240,000		Current Liabilities	$600,000	$240,000
Accounts receivable	1,278,000	192,000		Long-term Liabilities	1,014,578	328,000
Inventory	2,151,640	220,000		Common Stock	188,760	60,000
Equity Investment	800,760			APIC	4,377,769	124,800
PPE, net	4,806,810	700,800		Retained Earnings	4,056,103	600,000
	$10,237,210	$1,352,800			$10,237,210	$1,352,800

Required Prepare the consolidation balance sheet on the acquisition date: