The balance sheets of E Ltd. and J Ltd. on December 30 , Year 6 , were as follows: On December 31, Year 6, E Ltd. issued 497 shares, with a fair value of $38 each, for 70% of the outstanding shares of J Ltd. Costs involved in the acquisition, paid in cash, were as follows: The carrying amounts of J Ltd's net assets were equal to fair values on this date except for the following: 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. Answer is complete but not entirely correct. (b) Prepare the consolidated balance sheet of E Ltd. on December 31 , Year 6 , under the fair value enterprise method