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

	E Ltd.			J Ltd.
Cash and receivables	$	96,800		$	21,100
Inventory		58,600			9,800
Plant assets (net)		231,200			72,100
Intangible assets		24,800			7,600
	$	411,400		$	110,600
Current liabilities	$	64,600		$	30,100
Long-term debt		99,100			45,200
Common shares		156,200			46,600
Retained earnings (deficit)		91,500			(11,300	)
	$	411,400		$	110,600

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	$	2,660
Costs of issuing shares		1,920
	$	4,580

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	$	65,800
Long-term debt		43,200

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.