Thorn Corporation acquired 100 percent of the stock of Byrd Company by issuing 10,000 new shares for exchange. The par-value per share is $10 and the market value per share is $120. Summarized balance sheet information for the two companies immediately preceding the acquisition is as follows:

	Thorn	Byrd
Cash and Receivables	1,200,000	420,000
Inventory	40,000	470,000
Land	120,000	100,000
Buildings and Equipment (net)	2,460,000	220,000
Bond Investments	700,000
Total Assets	4,520,000	1,210,000
Accounts and Notes Payable	820,000	220,000
Common Stock	1,040,000	440,000
Additional Paid-In Capital	1,600,000	240,000
Retained Earnings	1,060,000	310,000
Total Liabilities and Stockholders' Equities	4,520,000	1,210,000

At the time of acquisition, the book values and market values of Byrd's assets were approximately the same except its inventory was worth $500,000 and land was worth $120,000. At that date, Thorn owes Byrd $20,000 on account.

Required: Compute the balances to be reported in a consolidated balance sheet prepared immediately following the acquisition for:

1. Cash and Receivables
2. Inventory
3. Land
4. Buildings and Equipment (net)
5. Goodwill
6. Accounts and Notes Payable
7. Stockholders' Equity