X Inc. purchased a controlling interest in LaSalle Inc. on January 1, 2020. On that date, LaSalle Inc. had common shares and retained earnings worth $180,000 and $20,000, respectively. Goodwill is tested annually for impairment. At the date of acquisition, Brand Y's assets and liabilities were assessed for fair value as follows:

Inventory	$5,000 less than book value
Equipment	$30,000 less than book value
Patent	$24,000 greater than book value
Bonds Payable	$5,000 less than book value

The balance sheets of both companies, as at December 31, 2020 are disclosed below:

	X Inc.	LaSalle Inc.
Cash	$200,000	$45,000
Accounts Receivable	$100,000	$40,000
Inventory	$80,000	$55,000
Equipment (net)	$220,000	$100,000
Patent		$60,000
Investment in Brand Y	$348,000
Total Assets	$948,000	$300,000
Current Liabilities	$480,000	$53,000
Bonds Payable	$270,000	$50,000
Common Shares	$100,000	$180,000
Retained Earnings	$98,000	$19,000
Total Liabilities and Equity	$948,000	$300,000

The net incomes for X and LaSalle for the year ended December 31, 2020 were $1,000 and $50,000 respectively. Windsor did not declare any dividends during the year. However, LaSalle paid and declared $51,000 in dividends in 2020 to make up for several years in which the company had never declared any dividends. An impairment test conducted on December 31, 2020 revealed that the Goodwill should actually have a value $2,000 lower than the amount calculated on the date of acquisition. Both companies use a FIFO system, and Brand Y's inventory on the date of acquisition was sold during the year. Brand Y's equipment and patent have useful lives of 10 years and 6 years respectively from the date of acquisition. All bonds payable mature on January 1, 2025. X uses the Fair Value Enterprise Method to value the non-controlling interest in LaSalle on the acquisition date. Prepare Windsor's consolidated balance sheet as at December 31, 2020, assuming that X purchased 80% of LaSalle for $350,000 and accounts for its investment using the equity method.