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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms: Construct the

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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms: Construct the balance sheet for the new corporation if the merger is treated as a purchase for accounting purposes. The market value of All Gold Mining's fixed assets is $7,150; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $13,700 in new long-term debt to finance the acquisition. Find the goodwill created. $5,150$10,140$6,350$5,780

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