Assets Dawkins's Business Geringer's Business Current Current Market Book Value Market Value Book Value Value Cash 15,000 $ 15,000 $ 8,000 $ 8,000 Accounts Receivable Merchandise Inventory 24,000 22,000 13,000 11,000 53,000 47,000 34,000 34,000 Plant Assets, Net 121,000 103,000 48,000 52,000 $ 213,000 $ 187,000 $ 103,000 $ 105,000 Total Assets Liabilities and Owner's Equity Accounts Payable 24,000 $ 24,000 $ 14,000 $ 14,000