Assume that the following balance sheets are stated at book value. The fair market value of James's 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.

Jurion Co.

Current assets$13,425 Current liabilities$6,060

Net fixed assets38,850 Long-term debt10,750

Equity35,465

Total$52,275 Total$52,275

James, Inc.

Current assets$3,970 Current liabilities$2,060

Net fixed assets7,920 Long-term debt2,470

Equity7,360

Total$11,890 Total$11,890

Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used.(Do not round intermediate calculations.)

Jurion Co., post-merger

Current assets$ Current liabilities$

Fixed assets Long-term debt

Goodwill Equity

Total$ Total$