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Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y $ 91,000 $20,000 48,000 13,000 Total earnings Shares outstanding Per-share

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Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y $ 91,000 $20,000 48,000 13,000 Total earnings Shares outstanding Per-share values: Market Book $ $ 48 $ 17 $ 19 6 Assume that Firm X acquires Firm Y by issuing long-term debt for all the shares outstanding at a merger premium of $6 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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