I am trying to finish question #7.

Statements of Financial Position for Mergers (LO3) Knapps Enterprises has acquired Leamington Corp. in a merger transaction. Construct the statement of financial position for the new corporation if the merger is treated as a pooling of interests for accounting purposes. The following statements of financial position represent the pre-merger book values for both firms: Incorporating Goodwill (LO3) In the previous problem, construct the statement of financial position for the new corporation, assuming that the transaction is treated as a purchase for accounting purposes. The market value of Leamington's fixed assets is $9, 100; the market values for current and other assets are the same as the book values. Assume that Knapps Enterprises issues $15,000 in new long-term debt to finance the acquisition