Omega Industries merges with Beta Solutions, acquiring it for $45 million cash. The equity statements before the merger are:

Equity Statement (in millions)	Omega	Beta
Common stock	$100	$20
Preferred stock	$50	$10
Additional paid-in capital	$150	$30
Retained earnings	$200	$40
Accumulated other comp. inc.	$(10)	$5
Total equity	$490	$105

Beta’s assets are undervalued by $18 million, and liabilities are overvalued by $8 million.

Required: Prepare Omega’s equity statement immediately following the merger.