On January 1^st, ABC Purchased 80% of the Voting Shares

On January 1^st, ABC purchased 80% of the voting shares of DEF Inc. for $300,000.
On that date, DEF's fair values approximated its book values with the exception of a Patent which was identified and estimated to have a value of $50,000, and DEF's inventories, which had an estimated fair value $20,000 higher than book value. ABC adheres to IFRS.
The balance sheets of both companies immediately following the acquisition were as follows: $\begin{array} { | l | l | l | } \hline \text { ASSETS } & \text { ABC } & \text { DEF } \\\hline \text { Cash } & \$ 300,000 & \$ 120,000 \\\hline \text { Accounts Receivable } & \$ 120,000 & \$ 40,000 \\\hline \text { Inventories } & \$ 100,000 & \$ 20,000 \\\hline \text { Plant \& Equipment (net) } & \$ 160,000 & \$ 40,000 \\\hline \text { Investment in DEF Inc } & \$ 300,000 & \\\hline \text { Patent } & \$ 220,000 & \\\hline \text { TOTAL ASSETS } & \$ 1,200,000 & \$ 220,000 \\\hline & & \\\hline \text { LIABILITIES \& EQUITY } & & \\\hline \text { Current Liabilities } & \$ 200,000 & \$ 80,000 \\\hline \text { Bonds Payable } & \$ 800,000 & \$ 70,000 \\\hline \text { Common Shares } & \$ 100,000 & \$ 20,000 \\\hline \text { Retained Earnings } & \$ 100,000 & \$ 50,000 \\\hline \text { LIABILITIES \& EQUITY } & \$ 1,200,000 & \$ 220,000 \\\hline\end{array}$ Required:
Prepare ABC's consolidated balance sheet immediately following the acquisition. Ignore any income tax effects.