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FYI: THIS IS A NEW SET OF PROBLEM WITH A NEW SET OF DATA... PLEASE DO NOT PROVIDE OLD ANSWERS Consider the following premerger information

FYI: THIS IS A NEW SET OF PROBLEM WITH A NEW SET OF DATA... PLEASE DO NOT PROVIDE OLD ANSWERS

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

Firm X Firm Y
Total earnings $ 90,000 $ 19,500
Shares outstanding 47,000 12,000
Per-share values:
Market $ 47 $ 18
Book $ 16 $ 5

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 $

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