Apex Enterprises acquires Gamma Corp for $70 million. The ledgers of both companies before the merger show:

Ledger (in millions)	Apex	Gamma
Cash	$100	$20
Receivables	$80	$15
Inventory	$90	$10
Property, plant, equipment	$400	$80
Intangibles	$40	$8
Total	$710	$133

Gamma’s inventory is overvalued by $5 million, and intangibles are undervalued by $7 million.

Required: Update Apex’s ledger immediately following the merger.