Schenk Corporation's Balance Sheet Immediately After Its Acquisition by Piaget

Schenk Corporation's balance sheet immediately after its acquisition by Piaget Company is as follows:
$\begin{array}{c}\text { Schenk Corporation }\\\begin{array}{|l|r|r|}\hline & \text { B ook Value } & \text { Fair Value } \\\hline \text { Assets } & & \\\hline \text { Current assets } & \$ 3,000 & \$ 2,500 \\\hline \text { Plant \& equipment, net } & \underline{24,000} & 15,000 \\\hline \text { Total assets } & \underline{\$ 27,000} &\\\hline\\\hline\text { Liabilities \& Equity }\\\hline \text { Current liabilities } & \$ 3,220 & 3,220 \\\hline \text { Long-term liabilities } & 20,000 & 19,800 \\\hline \text { Common stock } & 60 & \\\hline \text { Additio nal paid-in capital } & 3,400 & \\\hline \text { Treasury stock } & \{500\} & \\\hline \text { Ret ained earnings } & 900 & \\\hline \text { AOCl } & {[80\}} & \\\hline \text { Total liabilities \& equity } & \$ 27,000 & \\\hline\end{array}\end{array}$
In addition to the assets already reported by Schenk, the following previously unreported identifiable intangible assets are identified.
$$\begin{array} { | l | c | } \hline { \text { Identifiable Intangible Asset } } & \text { Fair Value } \\\hline \text { Franchise rights } & \$ 4,000 \\\hline \text { Favorable leaseho Ids } & 6,000 \\\hline \text { Future cost savings } & 2,000 \\\hline \text { Advertising jingles } & 1,000 \\\hline\end{array}$$ Piaget acquires all of the voting stock of Schenk for a total acquisition cost of $25,000. Schenk remains as a separate legal entity. You are responsible for preparing the consolidated balance sheet of Piaget and its new subsidiary, Schenk, at the date of acquisition. The working paper to consolidate the balance sheet accounts of Piaget and Schenk follows.
Required
Fill in the consolidation working paper as necessary to consolidate Piaget and Schenk's balance sheet accounts at the date of acquisition.