Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $10,600. Jurion pays $17,560 for James and raises the needed funds through an issue of long-term debt.

Jurion Co.
Current assets	$	12,975		Current liabilities	$	5,820
Net fixed assets		37,950		Long-term debt		10,450
				Equity		34,655
Total	$	50,925		Total	$	50,925

James, Inc.
Current assets	$	3,790		Current liabilities	$	1,820
Net fixed assets		7,440		Long-term debt		2,290
				Equity		7,120
Total	$	11,230		Total	$	11,230

Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used.

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