3. Balance Sheets for Mergers [ [B LO2] Assume that the following balance sheets are stated at book value. Suppose that Meat Page 895 Co. purchases Loaf, Inc. The fair market value of Loaf's fixed assets is $11,500 versus the $8,300 book value shown. Meat pays $18,400 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method. 3. Balance Sheets for Mergers [ [B LO2] Assume that the following balance sheets are stated at book value. Suppose that Meat Page 895 Co. purchases Loaf, Inc. The fair market value of Loaf's fixed assets is $11,500 versus the $8,300 book value shown. Meat pays $18,400 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method