Silver Enterprises has acquired All Gold Mining in a merger transaction. Construct the balance sheet for the new corporation if the merger is treated as a purchase of interests for accounting purposes. The following balance sheets represent the premerger book values for both firms:

The market value of All Gold Mining's fixed assets is $9,100; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $15,000 in new long-term debt to finance the acquisition.

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Silver Enterprises $ 5,300 Current assets Other assets Net fixed assets Current liabilities 3,100 7,800 13,800 $24,700 1,500 17,900Equity Long-term debt Total $24,700 Total All Gold Mining $1,400 Current liabilities Current assets Other assets $1,460 70 Long-term debt Net fixed assets7.400 $9,370 Equity Total 7,910 $9,370 Total