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5 The balance sheets of Wolf, Inc. and Target, Inc. appear below. Wolf, Inc. Target, Inc. Current Assets 1,000,000 400,000 Fixed Assets 2,500,000 800,000 Total

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5 The balance sheets of Wolf, Inc. and Target, Inc. appear below. Wolf, Inc. Target, Inc. Current Assets 1,000,000 400,000 Fixed Assets 2,500,000 800,000 Total Assets 3,500,000 1,200,000 Current Liability 1,000,000 400,000 Long term debt 1,000,000 400,00 Equity 1,500,000 400,000 Total L & E 3,500,000 1,200,000 Shares Outstanding 30,000 20,000 The shares of Wolf are selling for $50 per share and the shares of Target are selling for $20 per share. Wolf will acquire Target by issuing three new shares of Wolf for each five shares of Target. Suppose the fixed assets of Target are found to be $70,000 greater than the book value. Please answer the following questions about the balance sheet of the combined company as it would appear after the merger. ' a. How much is the total assets for the combined company after the merger? b. How much is the goodwill after the merger? c. How much is the total equity after the merger

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