1-Balance Sheets for Mergers. 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 Minings fixed assets is $9,300; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $16,000 in new long-term debt to finance the acquisition.

Silver Enterprises Current assets $ 5,700 Current liabilities $ 3,100 Other assets 1,600 Long-term debt 8,150 Net fixed assets 18.400 Equity 14.450 Total $25,700 Total $25,700 All Gold Mining Current assets $1,600 Current liabilities $1,590 Other assets 680 Long-term debt 0 Net fixed assets 7,400 Equity 8,090 Total $9,680 Total $9,680