Telecom Inc Has Decided to Purchase the Shares of Intron

Telecom Inc has decided to purchase the shares of Intron Inc. for $300, 000 in Cash on July 1, 2019. On the date, the balance sheets of each of these companies were as follows:
$\begin{array}{|l|r|r|}\hline & \text { Telecom Inc } & \text { Intron Inc } \\\hline \begin{array}{l}\text { Cash and Short-Term } \\\text { Securities }\end{array} & \$ 920,000 & \$ 200,000 \\\hline \text { Inventory } & \$ 150,000 & \$ 20,000 \\\hline \text { Plant and Equipment (net) } & \$ 330,000 & \$ 180,000 \\\hline \text { Total Assets } & \$ 1,400,000 & \$ 400,000 \\\hline \text { Current Liabilities } & \$ 420,000 & \$ 90,000 \\\hline \text { Bonds Payable } & \$ 700,000 & \$ 200,000 \\\hline \text { Common Shares } & \$ 180,000 & \$ 60,000 \\\hline \text { Retained Earnings } & \$ 100,000 & \$ 50,000 \\\hline \text { Total Liabilities and Equity } & \$ 1,400,000 & \$ 400,000 \\\hline\end{array}$ On that date, the fair values of Intron's assets and liabilities were as follows:
$\begin{array}{|l|r|}\hline \text { Cash/Short-Term Securities } & \$ 200,000 \\\hline \text { Inventory } & \$ 15,000 \\\hline \text { Plant and Equipment (net) } & \$ 400,000 \\\hline \text { Current Liabilities } & \$ 90,000 \\\hline \text { Bonds Payable } & \$ 210,000 \\\hline\end{array}$ Required:
Prepare the Consolidated Balance Sheet on date of acquisition.
Calculation and Allocation of Acquisition Differential:
$\begin{array}{|l|r|}\hline\text { Purchase Price: } & \$ 300,000 \\\hline \text { Less: Net book Value of Net Assets } & 110,000 \\ \text { Acquired } & \\\hline \mathrm{AD} & \$ 190,000 \\\hline \text { Allocated: } & \\\hline \text { Inventory }(15,000-20,000) & (5,000) \\\hline \begin{array}{l}\text { Plant and Equipment (net): }(400,000- \\180,000)\end{array} & 220,000 \\\hline \text { Bonds Payable }(210,000-200,000) & (10,000) \\\hline \text { Goodwill } & (\$ 15,000)\\\hline\end{array}$