The balance sheets of Percy Corp. and Saltz Ltd. on December 31, Year 10, are shown below. Cash Accounts receivable Inventory Plant Accumulated anortization Tradenarks (net) Percy $ 202.400 51.200 61.800 481.000 (131,000) Salta $ 4.600 15. 200 44.400 195,600 (91,200) 15, 200 $ 183, 800 $ 21.200 42.400 61.200 59.000 183.800 Current liabilities Long-term debt Common shares Retained earnings $ 665.400 $ 102,400 163, 600 221.200 178. 200 $ 665.400 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 4.600 15, 200 53,200 126,000 30, 400 229,400 Current liabilities Long-torn debt Net assets $ 21, 200 39. 200 60.400 $ 169,000 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 $31,000. On January 1. Year 11. Percy Corp paid $175,000 in cash to acquire 7.000 (70%) of the common shares of Saltz Ltd. Saltz's shares were trading for $20 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