Assume that the following balance sheets are stated at book value.

Meat Company
Current assets	$ 12,800	Current liabilities	$ 5,700
Net fixed assets	37,200	Long-term debt	10,200
		Equity	34,100
Total	$ 50,000	Total	$ 50,000

Loaf, Incorporated
Current assets	$ 3,800	Current liabilities	$ 1,700
Net fixed assets	8,000	Long-term debt	2,300
		Equity	7,800
Total	$ 11,800	Total	$ 11,800

Suppose the fair market value of Loafs fixed assets is $11,700 versus the $8,000 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.

Assume that the following balance sheets are stated at book value. Suppose the fair market value of Loaf's fixed assets is $11,700 versus the $8,000 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