Statements of Financial Position for Mergers (LO3) Assume that the following statements of financial position are stated and a book value. Construct a post-merger statement of financial position assuming that Amherst Co. purchases Essex Inc. and the pooling of interests method of accounting is used. Amherst Co. Current assets $15,000 Current liabilities $ 5,400 Net fixed assets 39,000 Long-term debt 10,100 Equity 38,500 Total $54,000 Total $54,000 Essex Inc. Current assets $ 3,600 Current liabilities $ 1,400 Net fixed assets 6,700 Long-term debt 2,100 Equity 6,800 Total $10,300 Total $10,300 5. Incorporating Goodwill (LO3) In the previous problem, suppose the fair market value of Essexs fixed assets is $9,500 versus the $6,700 book value shown. Amherst pays $17,300 for Essex and raises the needed funds through an issue of long-term debt. Construct the post-merger statement of financial position now, assuming that the purchase method of accounting is used.