Suppose that Meat Company purchases Loaf, Incorporated. The fair market value of Loaf's fixed assets is $24,610 versus the $14,710 book value shown. Meat pays $35,010 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase method of accounting. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Assume that the following balance sheets are stated at book value. Suppose that Meat Company purchases Loaf, Incorporated. The fair market value of Loaf's fixed assets is $24,610 versus the $14,710 book value shown. Meat pays $35,010 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase method of accounting. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)