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Question - Accounting consolidation - please explain

Paccu Corporation acquired 100 percent of Sallee Company's common stock on January 1, 20X7. Balance sheet data for the two companies immediately following the acquisition follow:

Paccu Sallee

Cash $50,000 $30,000

Accounts Receivable 60,000 35,000

Inventory 130,000 45,000

Land 75,000 60,000

Buildings and Equipment 310,000 170,000

Less: Accumulated Depreciation (130,000) (30,000)

Investment in Sallee Company Stock 250,000

Total Assets $745,000 $310,000

Accounts Payable $40,000 $35,000

Taxes Payable 30,000 12,000

Bonds Payable 250,000 50,000

Common Stock 75,000 75,000

Retained Earnings 350,000 138,000

Total Liabilities and Stockholders' Equity $745,000 $310,000

At the date of the business combination, the book values of Sallee's assets and liabilities approximated fair value except for inventory, which had a fair value of $55,000, and land, which had a fair value of $65,000. The fair value of land for Paccu Corporation was estimated at $90,000 immediately prior to the acquisition.

Based on the preceding information, what amount of total assets will appear in the consolidated balance sheet prepared immediately after the business combination?

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