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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: Silver
Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger book values for both firms: Silver Enterprises Current assets $ 9,200 Current liabilities $ 4,960 Other assets 2,300 Long-term 4,390 debt Net fixed 16,500 Equity 18,650 assets Total $28,000 Total $28,000 All Gold Mining Current assets $2,280 Current liabilities $1,980 Other assets Net fixed 820 5,390 Long-term debt Equity 0 6,510 assets Total $8,490 Total $8,490 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 $6,790; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $12,740 in new long-term debt to finance the acquisition. (Do not round intermediate calculations and round your answers to the
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