Silver Enterprises has acquired All Gold Mining in a merger transaction. Construct the balance sheet for the new corporation if the merger is treated as a purchase of interests for accounting purposes. The following balance sheets represent the premerger book values for both firms:

Silver Enterprises All Gold Mining

Current assets $5,300 Current Liabilities $3,100Current assets $1,400 Current Liabilities $1,460

Other assets $1,500 Long-term debt$7,800 Other assets $570 Long-term debt $0

Net fixed assets $17,900 Equity $13,800 Net fixed assets $7,400 Equity $7,910

Total $24,700Total $24,700 Total $9,370Total $9,370

The market value ofAll Gold Mining's fixed assets is 9,100; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $15,000 in new long-term debt to finance the acquisition.

Total $24,700Total Total$24,700