On January 2, 2013, Illinois Corporation issued 200,000 new shares of its $5 par value common stock valued at $19 a share for all of North Dakota Company's outstanding common shares. The fair value and book value of North Dakota's identifiable assets and liabilities were the same. Summarized balance sheet information for both companies just before the acquisition on January 2, 2013 is as follows: Illionois North Dakota Cash $ 150,000 $ 240,000 Inventories 320,000 800,000 Other current assets 500,000 1,000,000 Land 350,000 500,000 Property, plant & equipment 4,000,000 3,000,000 Total Assets $5,320,000 $5,540,000 Accounts payable $1,000,000 $ 600,000 Notes payable 1,300,000 1,320,000 Common stock, $5 par 2,000,000 1,000,000 Additional paid-in capital 1,000,000 200,000 Retained earnings 20,000 2,420,000 Total Liabilities & Equities $5,320,000 $5,540,000

Prepare a consolidated balance sheet for Illinois Corporation immediately after the business combination.