The balance sheets for Myers Ltd. and Norris Inc. are shown as at January 1, 2019, the day that Myers acquired 100% of the outstanding shares of Norris. At that date the fair value of the inventory and plant were respectively, $2,000 and $7,000 higher for Myers and $3,000 and $5,000 higher for Norris, than their carrying amounts.

	Myers Ltd.			Norris Inc.
Cash & A/R	$	50,000		$	26,000
Inventory		30,000			7,000
Plant		70,000			30,000
	$	140,000		$	63,000
Liabilities	$	80,000		$	33,000
Common shares		25,000			12,500
Retained earnings		35,000			17,500
	$	140,000		$	63,000

At what amount will the inventory and plant appear on the consolidated balance sheet prepared on January 1, 2019?

	A.	Inventory - $39,000; Plant - $105,000
	B.	Inventory - $38,000; Plant - $90,000
	C.	Inventory - $40,000; Plant - $105,000
	D.	Inventory - $40,000; Plant - $95,000