Prepare a Consolidated Balance Sheet for Big Lake Bakeries which owns 100% of Marble Falls Orchards. The fair value of Marble Falls net fixed assets are $2,675,000. 3 4 5 Big Lake aquired 100% of Marble Falls for 3,750,000 6 Fair value of fixed assets 2,675,000 7 8 Balance Sheet prior to 9 acquistion Big Lake Marble Falls 10 Current assets 4,250,000 500,000 11 fixed assets, net 4,500,000 1,675,000 12 Liabilties 350,000 125,000 13 Common Stock 7,500,000 1,525,000 14 Paid in Capital 500,000 15 Retained Earnings 400,000 525,000 16 17 69 18 1. Determine the Fair Value of Marble Falls' net assets. 19 20 Account 21 22 Fair Value