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

Meat Company
Current assets	$ 21,600	Current liabilities	$ 7,320
Net fixed assets	51,600	Long-term debt	16,420
		Equity	49,460
Total	$ 73,200	Total	$ 73,200

Loaf, Incorporated
Current assets	$ 4,700	Current liabilities	$ 1,800
Net fixed assets	8,300	Long-term debt	3,120
		Equity	8,080
Total	$ 13,000	Total	$ 13,000

Suppose the fair market value of Loafs fixed assets is $11,500 versus the $8,300 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.

Meat Company, Post-Merger
Current Assets		Current Liabilities
Fixed Assets		Long-Term Debt
Goodwill		Equity
Total		Total