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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 $ 5,800 Current liabilities $ 3,800
Other assets 2,200 Long-term debt 8,500
Net fixed assets 25,300 Equity 21,000
Total $ 33,300 Total $ 33,300

All Gold Mining
Current assets $ 2,300 Current liabilities $ 1,550
Other assets 710 Long-term debt 0
Net fixed assets 10,800 Equity 12,260
Total $ 13,810 Total $ 13,810

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 $12,050; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $18,000 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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