Balance Sheet after Business Acquisition

Wilson Corporation acquires Greatbatch Company for $55 million cash in a merger. The balance sheets of both companies at the date of acquisition are as follows:

Balance Sheet
(in millions)	Wilson	Greatbatch
Current assets	$62	$5
Property and equipment	500	90
Intangibles	24	3
Total assets	$586	$98
Current liabilities	$30	$2
Long-term debt	400	65
Capital stock	50	12
Retained earnings	120	15
Accumulated other comprehensive income	(14)	4
Total liabilities and equity	$586	$98

Greatbatch's property and equipment is overvalued by $30 million, its reported intangibles are undervalued by $20 million, and it has unreported intangibles, in the form of customer databases and marketing agreements, valued at $9 million.

Required

Prepare Wilson's balance sheet immediately following the merger.

Use a negative sign with your answers, when appropriate.

Wilson Corporation Balance Sheet
(in millions)
Assets		Liabilities
Current assets	$Answer	Current liabilities	$Answer
Property and equipment	Answer	Long-term debt	Answer
Intangibles	Answer	Total liabilities	Answer
Goodwill	Answer	Equity
		Capital stock	Answer
		Retained earnings	Answer
		AOCI	Answer
		Total equity	Answer
Total assets	$Answer	Total liabilities and equity	$Answer