Balance Sheets for Mergers [LO2] Assume that the following balance sheets are stated at book value. Suppose that Meat Co. purchases Loaf, Inc. Meat Co. Current assets $21,600 Current liabilities $7,320 Net fixed assets51,600 Long-term debt 16,420 Equity 49,460 total\$73,200Total $73,200 Meat Co. Current assets $4,700 Current liabilities $1,800 Net fixed assets8,300 Long-term debt3,120 Equity8,080 total $13,000 Total $13,000 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