Orion Corporation acquires Lambda Inc for $90 million. The balance sheets before the merger are:

Balance Sheet (in millions)	Orion	Lambda
Current assets	$120	$25
Property and equipment	$700	$160
Intangibles	$55	$12
Total assets	$875	$197
Current liabilities	$50	$7
Long-term debt	$600	$100
Capital stock	$90	$28
Retained earnings	$215	$60
Accumulated other comp. inc.	$(30)	$2
Total liabilities and equity	$875	$197

Lambda’s property is undervalued by $35 million, and intangibles are undervalued by $12 million.

Required: Prepare Orion’s balance sheet immediately following the merger.