Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $$10,900.$ Jurion pays $$17,920$ for James and raises the needed funds through an issue of long$-$term debt.

$\backslash$table$[[$Jurion Co$.],[$Current asset,$$13,200,\backslash$table$[[$Current$],[$liabilities$]],$$$5,940$