Pool Industries paid $540,000 to purchase 75% of the outstanding stock of Swimmin Corporation, on December 31, 2014. Any excess fair value over the identified assets and liabilities is attributed to goodwill. The following year-end information was available just before the purchase:

Pool Swimmin Swimmin

Book Book Fair

Value Value Value

Cash $756,000 $80,000 $80,000

Accounts Receivable 260,000 152,000 152,000

Inventory 480,000 100,000 120,000

Land 440,000 160,000 140,000

Plant and equipment-net 1,320,000 400,000 430,000

$3,256,000 $892,000 $922,000

Accounts Payable $880,000 $22,000 $22,000

Bonds Payable 936,000 200,000 180,000

Capital stock, $10 par value 400,000

Capital stock, $15 par value 450,000

Additional paid-in capital 400,000 160,000

Retained earnings 640,000 60,000

$3,256,000 $892,000

Using the data provided above, assume that Pool decided rather than paying $540,000 cash, Pool issued 10,000 shares of their own stock to the owners of Swimmin. At the time of issue, the $10 par value stock had a market value of $60 per share.

Required: Prepare Pool's consolidated balance sheet on December 31, 2014.