The balance sheets of Percy Corp. and Saltz Ltd. on December 31, Year 10, are shown below: The fair values of the identifiable net assets of Saltz Ltd. on December 31, Year 10, were as follows: 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