The following are the balance sheets for Investor and Investee immediately prior to Investors September 1, 2019, acquisition of Investee:

Investor Investee Assets Cash $750,000 $150,000 A/R 75,000 30,000 Inventory 150,000 45,000 Land 75,000 15,000 Bldg. & equip., net 300,000 150,000 Totals $1,350,000 $390,000 Liabilities & equity A/P $ 60,000 $120,000 B/P 300,000 0 C/S 450,000 150,000 R/E 540,000 120,000 Totals $1,350,000 $390,000

Investor buys 80% of Investees common stock for $264,000 cash. The other fair values equal book values.

Required: Prepare the consolidated balance sheet immediately after acquisition