Suppose that Meat Company purchases Loaf, Incorporated. The falr market value of

Loaf's fixed assets is $$24,940$ versus the $$15,040$ book value shown. Meat pays $$35,640$

for Loaf and ralses the needed funds through an Issue of long$-$term debt. Construct the

postmerger balance sheet under the purchase method of accounting. $($Do not round

Intermedlate calculations and round your answers to the nearest whole number, e$.$g$.,$

$32.)$Assume that the following balance sheets are stated at book value.

Meat Company

Current assets $ $29,400$ Current liabilities $ $8,300$

Net fixed assets $53,800$ Long$-$term debt $14,500$

Equity $60,400$

Total $ $83,200$ Total $ $83,200$

Loaf, Incorporated

Current assets $ $5,100$ Current liabilities $ $3,720$

Net fixed assets $15,040$ Long$-$term debt $2,580$

Equity $13,840$

Total $ $20,140$ Total $ $20,140$

Suppose that Meat Company purchases Loaf, Incorporated. The fair market value of Loaf's fixed assets is $$24,940$ versus the $$15,040$ book value shown. Meat pays $$35,640$ 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$.,32.)$