The balance sheets of Percy Corp. and Saltz Ltd. on December 31, Year 10, are shown below: Cash Accounts receivable Inventory Plant Accumulated amortization Trademarks (net) Percy $ 203,600 51,800 62,700 484,000 (134,000) Saltz $ 4,900 15,800 45,600 197,400 (91,800) 15,800 $ 187,700 $ 21,800 43,600 61,800 6 0,500 $ 187,700 Current liabilities Long-term debt Common shares Retained earnings $ 668,100 $ 103,600 165, 400 221,800 177, 300 $ 668,100 The fair values of the identifiable net assets of Saltz Ltd. on December 31, Year 10, were as follows: $ Cash Accounts receivable Inventory Plant Trademarks 4,900 15,800 53,800 129,000 31,600 235, 100 Current liabilities Long-term debt Net assets $ 21,800 39,800 61,600 $ 173,500 In addition to the assets identified above, Saltz owned a taxi licence in the City of Moose Jaw. This licence expires in nine years. These licences are selling in the open market at approximately $46,500. On January 1, Year 11, Percy Corp paid $177,000 in cash to acquire 7,000 (70%) of the common shares of Saltz Ltd. Saltz's shares were trading for $22 per share just after the acquisition by Percy. Required: Prepare the consolidated balance sheet on January 1, Year 11. Percy Corp. Consolidated Balance Sheet January 1, Year 11 Assets Liabilities Shareholders' equity