Please provide an explanation for each number in the combined balance sheet.

Combined Balance Sheet Problem with Goodwill On January 1, 2018, ABC Corporation purchased XYZ Corporation for $7,000. Prior to the purchase, the balance sheets for ABC Corporation and XYZ Corporation are listed below: Assets: Combined ABC Corporation $9,000 3,000 13,000 XYZ Corporation $10,000 3,000 $25,000 $13,000 $8,000 Cash Accounts Receivable Land Goodwill Total Assets Liabilities: Accounts Payable Notes Payable Total Liabilities Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $8,000 2,000 $10,000 $8,000 $5,000 10,000 $15,000 $1,000 4,000 $5,000 $25,000 $13,000 Prepare a combined balance sheet by filling in the cells above