The following balance sheets were prepared for Pam Corporation and Slest Company on January 1, 20X2, just before they entered into a business combination: Pam Corporation Slest Company Item Book Value Fair Value Book Value Fair Value Inventory Assets Cash and Receivables Buildings and Equipment Total Assets Less: Accumulated Depreciation 150,000 300,000 600,000 (250,000) $ 150,000 380,000 430,000 $ 90,000 $ 800,000 $ 960,000 Liabilities and Equities Accounts Payable $ 75,000 200,000 $ 75,000 215,000 $ 50,000 30,000 70,000 250,000 (80,000) $ 330,000 $ 90,000 160,000 240,000 $ 490,000 $ 50,000 35,000 Notes Payable Common Stock: $8 par value $6 par value Additional Paid-In Capital Retained Earnings Total Liabilities and Equities 180,000 140,000 205,000 $ 800,000 90,000 55,000 105,000 $ 330,000 Pam acquired all of Slest Company's assets and liabilities on January 1, 20X2, in exchange for its common shares. Pam issued 8,000 shares of stock to complete the business combination. Required: Prepare a balance sheet of the combined company immediately following the acquisition, assuming Pam's shares were trading at $60 each. Note: Amounts to be deducted should be indicated with minus sign.