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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 Enterprises

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 $ 4,900 Current liabilities $ 2,900
Other assets 1,300 Long-term debt 7,600
Net fixed assets 16,300 Equity 12,000
Total $ 22,500 Total $ 22,500

All Gold Mining
Current assets $ 1,400 Current liabilities $ 1,370
Other assets 530 Long-term debt 0
Net fixed assets 7,200 Equity 7,760
Total $ 9,130 Total $ 9,130

Construct the balance sheet for the new corporation assuming that the transaction is treated as a purchase for accounting purposes. The market value of All Gold Mining's fixed assets is $8,450; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $13,500 in new long-term dept to finance the acquisition.

Silver Enterprises, post-merger
Current assets $ Current liabilities $
Other assets Long-term debt
Net fixed assets Equity
Goodwill
Total $ Total $

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