2 Problem 26-2 Balance Sheets for Mergers [LO2] Consider the following premerger information about Firm X and Firm Y 10 points Firm X FirmY Total earnings $90,000 $19,500 Shares 47,000 12,00 eBook Print References outstanding Per-share values Market Book $47$ 18 $16 5 Assume that Firm X acquires Firm Y by issuing long-term debt for all the shares outstanding at a merger premium of $5 per share, and that neither firm has any debt before the merger List the assets of the combined firm assuming the purchase accounting method is used Assets from X Assets from Y Goodwill Total Assets XY