The balance sheets of E Ltd. and J Ltd. on December 30, Year 6, were as follows: E Ltd. J Ltd. Cash and receivables $ 96,900 $ 21,300 Inventory 58,800 9,900 Plant assets (net) 231,600 72,300 Intangible assets 24,900 7,800 $ 412,200 $ 111,300 Current liabilities $ 64,800 $ 30,100 Long-term debt 99,300 45,200 Common shares 156,600 46,600 Retained earnings (deficit) 91,500 (10,600 ) $ 412,200 $ 111,300 On December 31, Year 6, E Ltd. issued 525 shares, with a fair value of $40 each, for 70% of the outstanding shares of J Ltd. Costs involved in the acquisition, paid in cash, were as follows: Costs of arranging the acquisition $ 2,680 Costs of issuing shares 1,960 $ 4,640 The carrying amounts of J Ltd.s net assets were equal to fair values on this date except for the following: Fair value Plant assets $ 65,900 Long-term debt 43,600 E Ltd. was identified as the acquirer in the combination. Required: (a) Prepare the consolidated balance sheet of E Ltd. on December 31, Year 6, under the identifiable net assets method.