1. Plato Corporation, a U.S. company, purchases all of the outstanding stock of Sana Company, which operates outside the U.S. on January 1, 2019. Plato paid $167,000 for this acquisition. The balance sheets for Plato and Sana are shown below just before the business combination. Sana' functional currency is the Euro and the exchange rate at the date of acquisition was $1.1 per euro. Sana uses the Euro for record-keeping purposes.

	Plato Company $	Sana Corporation (Euros)
Cash & Receivables	$ 80,000	27,181
Inventory	150,000	320,000
Buildings & Equipment (net)	430,000	71,000
Investment in Premium Stock	167,000
Total Assets	$827,000	418,181
Current Liabilities	$100,000	100,181
Long-Term Debt	400,000	182,000
Common Stock	200,000	127,000
Retained Earnings	127,000	9,000
Total Liabilities & Stockholders Equity	$827,000	418,181

At the date of the business combination, Sanas inventory had a fair value of Euros 325,400, and buildings and equipment had a fair value of Euros 88,518.

Prepare a consolidated balance sheet for Plato and Sana at January 1, 2019 immediately following the business combination.