Consider the following premerger information about Firm X and Firm Y:

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $8 per share. Assuming that neither firm has any debt before or after the merger, construct the postmerger balance sheet for Firm X assuming the use of 

(a) Pooling of interests accounting methods and

(b) Purchase accounting methods

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Total earnings Shares outstanding Per-share values: Market Book Firm X $30,000 20,000 $ 75 $ 25 Firm Y $20,000 20,000 $ $ 20 9