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

	Firm X			Firm Y
Total earnings	$	81,000		$	15,000
Shares outstanding		38,000			13,000
Pre-share values:
Market	$	53		$	18
Book	$	13		$	8

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 per share, and that neither firm has any debt before or after the merger.

a. Assuming the pooling of interests method is used, what is the equity of the combined firm?

Equity value $

b. List the assets of the combined firm assuming the purchase accounting method is used.

Assets from X $

Assets from Y

Goodwill

Total Assets XY $