Mcguire company acquired 100 percent of the voting common shares of able corporation by issuing bonds with a par value and fair value of $150,000. immediately prior to the acquisition, mcguire reported total assets of $500,000, liabilities of $280,000, and stockholders’ equity of $220,000. at that date, able reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. included in able’s liabilities was an account payable to mcguire in the amount of $20,000, which mcguire included in its accounts receivable. based on the preceding information, what amount of total assets did mcguire report in its balance sheet immediately after the acquisition?