Balance Sheet Consolidation

Suppose you have the following information regarding an M&A deal.

If not indicated, all numbers below are in (in '000 dollars) .

Tender offer	320 (MC*)
Cash consideration	50% (a*)
Debt Issued*	150
PPE at fair value	75+5
Current (target) debt repaid	9

Using this information in addition to the pre-merger target's balance sheet, complete all blanks below (round numbers to the nearest integer, without commas).

Current (target) Book Equity (Equity Capital + Retained Earnings) = ___________

Goodwill (MC* - Book Equity - Fair Value Adjustment) = ____________

	Pre-merger Target	Adjusted Target
	Deal Year	Deal Year
Assets
Cash	43
Accounts Receivable	49	49
Inventory	35
Current Assets	127
Property & Equipment	75
Goodwill	0
Total Assets	202
Liabilities
Short Term Debt	0	0
Accounts Payable	46	46
Current Liabilities	46
Long Term Debt	9
Total Liabilities	55
Shareholder's Equity
Equity Capital	51
Retained Earnings	96
Shareholder's Equity	147
Total Liabilities & Shareholder's Equity	202