Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $9,900. Jurion pays $16,720 for James and raises the needed funds through an issue of long-term debt.

James, Inc.
Current assets	$	3,580		Current liabilities	$	1,540
Net fixed assets		6,880		Long-term debt		2,080
				Equity		6,840
Total	$	10,460		Total	$	10,460

Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used. Assume book value of current assets is equal to market value and book value of debt for James, Inc. is equal to market value. (Do not round intermediate calculations.)

Jurion Co.

Current assets

$

12,450

Current liabilities

$

5,540

Net fixed assets

36,900

Long-term debt

10,100

Equity

33,710

Total

$

49,350

Total

$

49,350

Jurion Co., post-merger
Current assets	$			Current liabilities	$
Fixed assets				Long-term debt
Goodwill				Equity
Total	$			Total	$