The statements of financial position of the two companies on August 31, Year 5, were as follows:

	Prong Company			Horn Company
Plant and equipment	$	675,000		$	509,000
Accumulated depreciation		(225,000)			(209,000)
Other assets		61,000			40,000
Current assets		155,000			190,000
	$	666,000		$	530,000
Ordinary shares (Note 1)	$	87,000		$	117,000
Retained earnings		263,000			183,000
Long-term debt		200,000			180,000
Current liabilities		116,000			50,000
	$	666,000		$	530,000
Note 1
Ordinary shares outstanding		87,000			45,000

The carrying amounts of the net assets of both companies were equal to fair values except for plant and equipment. The fair values of plant and equipment were as follows:

Prong Company	$	700,000
Horn Company		480,000

Prongs other assets include patent registration costs with a carrying amount of $45,000. An independent appraiser placed a value of $120,000 on this patent.

Required:

Prepare the statement of financial position of Pronghorn Corporation immediately after the statutory amalgamation.