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

Total earnings Shares outstanding Per-share values: Market book

Firm X $ 96,000 53,000 53 14

Firm Y $ 22,500 18,000 18 8

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $5 per share, and that neither 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 $