Suppose the fair market value of Loaf's fixed assets is $20,100 versus the $13,600 book value shown. Meat pays $26,800 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method. Current assets $ $ Fixed assets Meat Co., post-merger 20,800 Current liabilities 55,000 Long-term debt Equity Total 10,200 15,300 50,300 Goodwill Total Suppose the fair market value of Loaf's fixed assets is $20,100 versus the $13,600 book value shown. Meat pays $26,800 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method. Current assets $ $ Fixed assets Meat Co., post-merger 20,800 Current liabilities 55,000 Long-term debt Equity Total 10,200 15,300 50,300 Goodwill Total