Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2020. To obtain these shares, Flynn pays $400,000 and issues 10,000 shares of $20 par value common stock on this date. Flynn's stock had a fair market value of $36 per share on that date. Flynn also pays $15,000 to a local investment firm for arranging the acquisition. An additional $10,000 was paid by Flynn in stock issuance costs. The book values for both Flynn and Macek as of January 1, 2020 follow. The fair market value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $40,000 value. The figures below are in thousands. Flynn, Inc. $ 900 480 660 0 $460 Macck Company 300 1,200 360 480 1,140 1,200 1,080 Book Value S 80 180 260 120 220 100 60 Cash Receivables Inventory Land Buildings (net) Equipment Accounts payable Long-term liabilities Common stock Retained earnings Assume that this combination is accounted for using the purchase method. What amount will be reported for consolidated receivables? $660. O $640. O $500. Fair Market Value S 80 160 300 340 80 480 130 280 75 60 300