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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 $ 11,000 Current liabilities $ 11,440
Other assets 4,100 Long-term debt 6,010
Net fixed assets 18,300 Equity 15,950
Total $ 33,400 Total $ 33,400
All Gold Mining
Current assets $ 3,720 Current liabilities $ 3,420
Other assets 2,080 Long-term debt 0
Net fixed assets 7,010 Equity 9,390
Total $ 12,810 Total $ 12,810
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 $8,410; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $17,060 in new long-term debt to finance the acquisition.

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