Assume that the following balance sheets are stated at book value. Suppose that Jurion Co. purchases James, Inc. Then suppose the fair market value of James's fixed assets is $23,000 versus the $13,300 book value shown. Jurion pays $30,400 for James and raises the needed funds through an issue of long term debt. Construct the post merger balance sheet under the purchase method of accounting.

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urion Co. Current assets Net fixed assets $27,000 49,000 Current liabilities Long-term debt Equity $ 7,700 13,800 54,500 $76,000 Total $76,000 Total James, Inc. $5,200 13,300 Long-term debt Current assets Net fixed assets Current liabilities $3,300 2,100 13.100 $18,500 Equity Total $18,500 Total