Presented below are the balance sheets of Tallton Company and Handel Company at January 1, 2018:

Handel Company Tallton Company

Balance Sheet Balance Sheet

January 1, 2X18 January 1, 2X18

Cash $ 70 Cash $340

Net Fixed Assets 270 Net Fixed Assets 195

Total Assets $340 Total Assets $535

Accounts Payable $ 50 Accounts Payable $ 105

Long-term Bonds Pay. 130 Long-term Bonds Pay. 185

Stockholders' Equity 160 Stockholders' Equity 245

Total Liab. & Equity $340 Total Liab. & Equity $535

On January 1, 2018, Tallton Company acquired 100% of the outstanding common stock of Handel Company for $240 in cash. Assume the book value of Handel's assets is understated by $15 and liabilities are understated by $12.

What are consolidated total assets immediately after the acquisition?