Fine CoIssued Its Common Stock in Exchange for the Common Stock

Essay

Fine Co.issued its common stock in exchange for the common stock of Dandy Corp.in a business combination that was neither a pooling of interests nor a bargain purchase.At the date of the combination,Fine had land with a book value of $480,000 and a fair value of $620,000.Dandy had land with a book value of $170,000 and a fair value of $190,000.
Required:
If a consolidated balance sheet was prepared at the date of the combination,what was the consolidated balance for Land?