Zenith Inc. buys Delta LLC for $55 million cash. The balance sheets before the merger are:

Balance Sheet (in millions)	Zenith	Delta
Current assets	$50	$8
Property and equipment	$350	$60
Intangibles	$25	$4
Total assets	$425	$72
Current liabilities	$20	$1
Long-term debt	$300	$40
Capital stock	$40	$8
Retained earnings	$75	$22
Accumulated other comp. inc.	$(10)	$1
Total liabilities and equity	$425	$72

Delta’s equipment is undervalued by $10 million, and intangibles are undervalued by $6 million.

Required: Prepare Zenith’s balance sheet immediately following the merger.