The following balance sheets were prepared for Adam Corporation and Best Company on January 1, 20X2, just before they entered into a business combination:

	Adam Corporation		Best Company
Item	Book Value	Fair Market Value	Book Value	Fair Market Value
Assets
Cash & Receivables	$153,000	$153,000	$95,000	$95,000
Inventory	301,000	397,000	83,000	165,000
Buildings & Equipment	601,000	439,000	262,000	247,000
Less: Accumulated Depreciation	(240,000)		(70,000)
Total Assets	$815,000	$989,000	$370,000	$507,000

Liabilities & Equities Accounts
Accounts Payable	$63,000	$63,000	$33,000	$33,000
Notes Payable	193,000	208,000	30,000	35,000
Common Stock:
$8 par value	179,000
$6 par value			84,000
Additional Paid-In Capital	124,000		35,000
Retained Earnings	256,000		188,000
Total Liabilities & Equities	$815,000		$370,000

Adam acquired all of Best Company's assets and liabilities on January 1, 20X2, in exchange for its common shares.

Adam issued 8,700 shares of stock to complete the business combination.

Required:

Prepare a balance sheet of the combined company, immediately following the acquisition, assuming Adam's shares were trading at $60 each.