The balance sheets of E Ltd. and J Ltd. on December 30, Year 6, were as follows:

	E Ltd.			J Ltd.
Cash and receivables	$	96,100		$	19,700
Inventory		57,200			9,100
Plant assets (net)		228,400			70,700
Intangible assets		24,100			6,200
	$	405,800		$	105,700
Current liabilities	$	63,200		$	30,100
Long-term debt		97,700			45,200
Common shares		153,400			46,600
Retained earnings (deficit)		91,500			(16,200	)
	$	405,800		$	105,700

On December 31, Year 6, E Ltd. issued 483 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	$	2,520
Costs of issuing shares		1,640
	$	4,160

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	$	65,100
Long-term debt		40,400

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.

(b) Prepare the consolidated balance sheet of E Ltd. on December 31, Year 6, under the fair value enterprise method.