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Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y Total earnings $88,000 $ 18,500 Shares 45,000 20,000 outstanding Per-share

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Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y Total earnings $88,000 $ 18,500 Shares 45,000 20,000 outstanding Per-share values: Market 45 $ 16 Book 16 $ 7 A TA Assume that Firm X acquires Firm Y by issuing long-term debt for all the shares outstanding at a merger premium of $5 per share, and that neither firm has any debt before the merger. List the assets of the combined firm assuming the purchase accounting method is used. Assets from X Assets from Y Goodwill Total Assets XY

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