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Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2021. To obtain these shares, Flynn pays $400 cash (in thousands) and issues 10,000 shares of $20 par value common stock on this date. Flynn's stock had a fair value of $36 per share on that date. Flynn also pays $15 (in thousands) to a local investment firm for arranging the acquisition. An additional $10 (in thousands) was paid by Flynn in stock issuance costs. The book values for both Flynn and Macek immediately preceding the acquisition follow. The fair value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $40 in thousands) value. The figures below are in thousands. Any related question also is in thousands Cash Receivables Inventory Land Buildings (net) Equipment Accounts payable Long-term liabilities Common stock Additional paid-in capital Retained earnings Flynn, Inc $ 900 480 660 300 1,200 360 480 1,140 1,000 280 1,080 Macek Company Book Fair Value Value $ 80 $ 80 180 160 260 300 120 130 220 280 100 75 60 60 340 300 80 480 What amount will be reported for consolidated inventory