E$16-9$ Penfold Ltd$.$ owns all the common shares of Simmons Ltd$.$ Prepare a consolidation worksheet using the following information. Assume that the fair value of the assets and liabilities of Simmons Ltd$.$ are equal to their book values.

$\backslash$table$[[,\backslash$table$[[$Penfold$],[$Ltd$.]],\backslash$table$[[$Simmons$],[$Ltd$.]],$Eliminations,$\backslash$table$[[$Consolidated$],[$Amounts$]]],[,$Debit,Credit$],[$Assets$],[$Cash$,225,000,55,000,,,],[$Accounts receivable, net,$360,000,264,000,,,],[$Note receivable from Simmons Ltd$,76,000,-,,,],[$Inventory$,258,000,159,000,,,],[$Investment in Simmons Ltd$,2,350,000,-,,,],[$Property$,$ plant, and equipment, net,$3,590,000,2,900,000,,,],[$Total assets,,$3,378,{000}_{{?}_{?}},,,],[$Liabilities and Shareholders' Equity$],[$Accounts payable,$357,000,180,000,,,],[$Notes payable,$462,000,759,000,,,],[$Other liabilities,$78,000,210,000,,,],[$Common shares,$1,980,000,670,000,,,],[$Retained earnings,$3,982,000,1,559,000,,,],[$Total liabilities and shareholders' equity,$\frac{?}{\text{b}\text{a}\text{r}}(6,859,000),3,378,000,,,]]$