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I posted the same question 2 days ago and no expert answered it.

The balance sheets of E Ltd. and J Ltd. on December 30, Year 6, were as follows: Cash and receivables Inventory Plant assets (net) Intangible assets E Ltd. $ 96,400 57,800 229,600 24,400 $ 408,200 63,800 98,300 154,600 91,500 $ 408,200 J Ltd. $ 20,300 9,400 71,300 6,800 $ 107,800 $ 30, 100 45,200 46,600 (14,100 $ 107,800 Current liabilities Long-term debt Common shares Retained earnings (deficit) On December 31, Year 6, E Ltd. issued 483 shares, with a fair value of $40 each, for 70% of the outstanding shares of J Ltd. Costs involved in the acquisition, paid in cash, were as follows: Costs of arranging the acquisition Costs of issuing shares $ 2,580 1,76 $ 4,340 The carrying amounts of J Ltd.'s net assets were equal to fair values on this date except for the following: Plant assets Long-term debt Fair value $ 65,400 41,600 E Ltd. was identified as the acquirer in the combination. Required: (a) Prepare the consolidated balance sheet of E Ltd. on December 31, Year 6, under the identifiable net assets method. E Ltd. Consolidated Balance Sheet December 31, Year 6 Assets Cash and receivables Inventory Plant assets Intangible assets OOOO 112,360 67,200 295,000 31.200 $ 505,760 $ Liabilities and Equity Current liabilities Long-term debt Common shares Retained earnings Non-controlling interest OOOOO 93,900 139,900 165,544 X 97,356 9,060 3 $ 505,760 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; (b) Prepare the consolidated balance sheet of E Ltd. on December 31, Year 6, under the fair value enterprise method. E Ltd. Consolidated Balance Sheet December 31, Year 6 Assets Cash and receivables Inventory Plant assets Intangible assets $ 112,360 67,200 295,000 31,200 $ 505,760 $ Liabilities and Equity Current liabilities Long-term debt Common shares Retained earnings Non-controlling interest 93,900 139,900 165,544 100,620 X 5,796 > $ 505,760 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect

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