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% 2, Balance Sheets for Mergers [L02] Consider the following premerger information about Firm X and Firm Y: Total earnings Shares outstanding Per-share values Firm

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% 2, Balance Sheets for Mergers [L02] Consider the following premerger information about Firm X and Firm Y: Total earnings Shares outstanding Per-share values Firm X $87,000 35,000 Firm Y $11,000 12,000 Market Book $57 19 Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 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

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