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Consider the following premerger Information about Firm X and Firm Y: Total earnings Shares outstanding Per-share values: Market Book Firm X Firm Y $92,000

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Consider the following premerger Information about Firm X and Firm Y: Total earnings Shares outstanding Per-share values: Market Book Firm X Firm Y $92,000 49,000 $20,500 14,000 $ $ 49 $ 18 $ 20 7 Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $7 per share, and that nelther firm has any debt before or after the merger. Construct the postmerger balance sheet for Firm X assuming the use of the purchase accounting method. (Do not round Intermediate calculations.) Assets from X Assets from Y Goodwill $ Total Assets XY $

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