Assume that the following balance sheets are stated at book value. The fair market value of James' fixed assets is equal to $11,200. Jurion pays $18,280 for James and raises the needed funds through an issue of long-term debt. Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used.

Jurion Co.
Current assets	$	13,425		Current liabilities	$	6,060
Net fixed assets		38,850		Long-term debt		10,750
				Equity		35,465
Total	$	52,275		Total	$	52,275

James, Inc.
Current assets	$	3,970		Current liabilities	$	2,060
Net fixed assets		7,920		Long-term debt		2,470
				Equity		7,360
Total	$	11,890		Total	$	11,890