Question Two: The balance sheets of LaSalle Itd. and Windsor Itd. on December 30, Year 6 were as follows: LaSalle Itd. Windsor Itd. Cash and receivables S 96,450 S 20,400 Inventory 57,900 9,450 Plant assets (net) 229,800 71,400 Intangible assets 24,450 6,900 $408,600 $ 108,150 Current liabilities $ 63,900 S 30,100 Long-term debt 98,400 45,200 Common shares 154,800 46,600 Retained earnings (deficit) 91,500 (13,750) $408,600 $ 108,150 La Salle Itd. Windsor Itd. Inventory 57,900 9,450 Cash and receivables $ 96,450 $ 20,400 Plant assets (net) 229,800 71,400 Intangible assets 24,450 6,900 $ 408,600 $ 108,150 Current liabilities $ 63,900 $ 30,100 Long-term debt 98,400 45,200 Common shares 154.800 46,600 Retained earnings (deficit) 91,500 (13,750 $ 408,600 $ 108,150 On December 31, Year 6. LaSalle Itd. issued 497 shares, with a fair value of 540 each, for 70% of the outstanding shares of Windsor Itd. Costs involved in the acquisition, paidin cash, were as follows: | Costs of arrangingthe acquisition S 2,590 Costs of issuing shares 1,780 $ 4,370 The carrying amounts of Windsor Itd.'s net assets were equal to fair values on this date except for the following: Fair value Plant assets $65,450 Long-term debt 41,800 LaSalle Itd. was identified as the acquirer in the combination. Required: (a) Prepare the consolidated balance sheet of La Salle Itd. on December 31, Year 6, under the identifiable net assets method. (b) Prepare the consolidated balance sheet of LaSalle Itd. on December 31, Year 6, under the fair value enterprise method