The balance sheets for Pool Company and Swim Company as of December 31, 2020 are shown below Cash Accounts Receivable,net Inventory Property and Equipment, net Land Pool $700,000 892,000 544,000 1,927,000 120,000 $4,183,000 Swim $111,000 230,000 60,000 468,000 94,000 $963,000 Total Assets Accounts Payable Notes Payable Long-term Debt Common Stock Other Contributed Capital Retained Earnings Total Liabilties $302,000 588,000 350,000 1,800,000 543,000 600,000 $4,183,000 $152,000 61,000 90,000 500,000 80,000 80,000 $963,000 The fair values of Swim Company's assets and liabilites are equal to their book values. Required: Prepare a consolidated balance sheet as of January 1, 2021 under each of the following assumptions. a A. On January 1, 2021, Pool purchased 90% of the outstanding common stock of Swim Company for $594,000. B. On January 1, 2021, Pool exchanged 11,880 of its $20 par value common shares with a fair value of $50 per share for 90% of the outstanding common shares of Sprague Company