Prepare the a consolidated financial position at the acquistion date?

On January 1, 2018, Alan Ltd. acquired 60% of the shares of Bob Inc. by issuing shares valued at $3,000,000. On this date, Bob Inc.'s building and machinery had remaining useful lives of 20 years and 5 years, respectively. Both Alan Ltd. and Bob Inc. use straight-line depreciation. The separate-entity statements of financial position for Alan Ltd. and Bob Inc. just prior to the acquisition are presented below. Statements of Financial Position Alan Ltd. (Carrying Value) Bob Inc. (Carrying Value) (Fair Value) $ $ Noncurrent assets: Land Building Accumulated depreciation Machinery Accumulated depreciation Total noncurrent assets Current assets: Inventories Amounts receivable Cash Total current assets Total assets 2,750,000 (425,000) 2,750,000 (1,400,000) 3,675,000 725,000 $ 700,000 1,300,000 1,500,000 (650,000) 1,300,000 275,000 (850,000) 1,825,000 PAGE 1 450,000 675,000 255,000 1,380,000 5,055,000 375,000 180,000 45,000 600,000 2,425,000 162,500 180,000 45,000 2,862,500 $ 1,875,000 2,205,000 4,080,000 700,000 1,125,000 1,825,000 Shareholders' equity: Common shares $ Retained earnings Total shareholders' equity Noncurrent liabilities: Long-term loans Current liabilities: Accounts payable Total liabilities Total liabilities and shareholders' equity $ 275,000 275,000 975,000 975,000 5,055,000 325,000 600,000 2,425,000 325,000 600,000 $