On December 31, 2017, Grand, Inc. purchased 100% of the outstanding common stock of Petit Company for $1 billion cash and $4 billion in new shares of Grand for a total purchase consideration of $5 billion. Grand is required to consolidate Petit's accounts in its 2017 financial statements. Both companies close their books on December 31s. The balance sheets immediately prior to the acquisition are reproduced below. All amounts in $ millions. Pre-Acquisition Balance Sheets Grand, Inc. and Petit Company December 31, 2017 (all amounts in Smillions Current Assets Noncurrent Assets Total Assets Grand, Inc. 4,500 1.500 6,000 Petit Co. 270 430 700 Current Liabilities Noncurrent Liabilities Common Stock (no par Retained Earnings Liabilities and Equity 1,500 1,500 200 2,800 6,000 150 250 50 250 700 Please click here if the image above does not load. At the time of the acquisition, the fair value of each identifiable asset and liability of Petit was determined by Grand. Other than the following three items, the book values of assets and liabilities of Petit matched their respective fair values: (a) Petit developed significant cloud management technologies internally over the last five years and did not recognize this as an asset in its balance sheet prior to acquisition by Grand. On the date of acquisition, Grand determined the fair value of these technologies at $3.5 billion. (b) Further, Grand estimated that the book value of non-current assets of Petit exceeded their fair value by $200 million on the date of acquisition. (c) At the time of takeover, Grand determined that allowances for warranty claims in the books of Petit were understated by $50 million. These allowances for warranty claims are classified as current liabilities by Petit in its books and relate to product warranties extended by Petit at the time of its sales. What are the Total Assets reported on the consolidated company's balance sheet just after the acquisition took place? O a $6,000 million O b. $6,700 million O c. $10.600 million O d. $10,700 million O e. None of the above