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

Meat Co.
Current assets	$	18,000		Current liabilities	$	6,100
Net fixed assets		43,000		Long-term debt		13,700
				Equity		41,200
Total	$	61,000		Total	$	61,000

Loaf, Inc.
Current assets	$	3,900		Current liabilities	$	1,500
Net fixed assets		6,900		Long-term debt		2,600
				Equity		6,700
Total	$	10,800		Total	$	10,800

Suppose the fair market value of Loafs fixed assets is $9,800 versus the $6,900 book value shown. Meat pays $17,800 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method.

Current Assets: Current Liabilities:

Fixed Assets: Long-term debt:

Goodwill: Equity:

Total: Total: