ABC Invested $30 Million in Cash in DEF Inc, Which $$):
\(\Begin{array}{|l|r|r|}
\Hline & \Text { Book Value }

ABC invested $30 million in cash in DEF Inc, which was determined to be an SPE whose primary beneficiary is ABC Inc. The balance sheet of DEF on the acquisition date January 1, 2020 is shown below (all figures in millions $$):
\(\begin{array}{|l|r|r|}
\hline & \text { Book Value } & \text { Fair Value } \\
\hline \text { Cash } & \$ 30 & \$ 30 \\
\hline \text { Capital Assets } & \$ 90 & \$ 100 \\
\hline \text { Total Assets } & \$ 120 & \$ 130 \\
\hline \text { Liabilities } & \$ 50 & \$ 50 \\\hline \text { Owner's Equity } & \\
\hline \mathrm{ABC} & \$ 40 \\
\hline \text { Non-Controlling Interest: } & \$ 30 \\
\hline \text { Total Liabilities \& Equity: } & \$ 120 \\
\hline
\end{array}\) The fair value of DEF's non-controlling interest is $55.
Required: Prepare the journal entry required for consolidation purposes on the date of acquisition assuming current Canadian GAAP.