QUESTION 7 Icy Blue Company is planning to acquire Green Shine Company with an exchange based on Earnings Per Share (EPS). The market price of Icy Blue is RM20 per share, and the balance sheets of both companies are as follows: Icy Blue Company (RM) Green Shine Company (RM) Total Assets 750,000 500,000 Total Liabilities 400,000 300,000 Common Stock (RM1) 100,000 50,000 Premium 150,000 60,000 Retained earnings 100,000 90,000 Additional information: Net income 150,000 Preferred shares dividend 50,000 100,000 25,000 Prepare a post-merger balance sheet under the purchase method. (15 marks)