Consider the following premerger information about Firm X and Firm Y:

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 per share. Assuming that neither firm has any debt before or after the merger, construct the postmerger balance sheet for Firm X assuming the use of purchase accounting. Fill in the following spreadsheet.

		Chapter 26
		Question 2
		Input Area:
			Firm X	Firm Y
		Total earnings	$ 87,000	$ 11,000
		Shares outstanding	35,000	12,000
		Per-share values
		Market	$ 57	$ 19
		Book	$ 7	$ 3
		Merger premium
		Output Area:
		Asset from X (book value)		$ 245,000
		Asset from Y (market value)		$ 228,000
		Purchase price of Y		$ 228,000
		Goodwill		$ -
		Total assets XY = Total equity XY		$ 473,000

I can not figure out the Merger premium and Good will. Can anyone help?