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: Total Assets Total Liabilities Common Stock (RM1) Premium Icy Blue Company (RM) 750,000 400,000 100,000 150,000 100,000 Green Shine Company (RM) 500,000 300,000 50,000 60,000 Retained earnings 90,000 Additional information: Net income 100,000 150,000 50,000 Preferred shares dividend 25,000 Prepare a post-merger balance sheet under the purchase method. (15 marks)