4. On January 2, 2010, C inc Clothing issued 100,000 new shares of its $5 par value common stock valued at $19 a share for all of D inc Dressing Company's outstanding common shares in an acquisition. Cinc paid $15,000 for registering and issuing securities and $10,000 for other direct costs of the business combination. The fair value and book value of Dinc identifiable assets and liabilities were the same. Assume D Company is dissolved on the date of the acquisition. Summarized balance sheet information for both companies just before the acquisition on January 2, 2010, is as follows: Cinc Dinc Cash $150,000 $120,000 Inventories 320,000 400,000 Other current assets 500,000 500,000 Land 350,000 250,000 Plant assets-net 4,000,000 1,500,000 Total Assets $5,320,000 $2,770,00 Accounts payable $1,000,000 $300,000 Notes payable 1,300,000 660,000 Capital stock, $5 par 2,000,000 500,000 Additional paid-in capital 1,000,000 100,000 Retained Earnings 20,000 1,210,000 Total Liabilities & Equities $5,320,000 $2,770,000 Required: Determine the consolidated balances for the following 1. Total Assets 2. Total equity (6 Points)