Assume that the following balance sheets are stated at book value. The fair market value...

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Accounting

Assume that the following balance sheets are stated at book value. The fair market value of James's fixed assets is equal to $9,300. Jurion pays $16,000 for James and raises the needed funds through an issue of long-term debt.
Jurion Co.
Current assets $ 12,000 Current liabilities $ 5,300
Net fixed assets 36,000 Long-term debt 9,800
Equity 32,900
Total $ 48,000 Total $ 48,000
James, Inc.
Current assets $ 3,400 Current liabilities $ 1,300
Net fixed assets 6,400 Long-term debt 1,900
Equity 6,600
Total $ 9,800 Total $ 9,800
Construct a postmerger balance sheet assuming that Jurion Co. purchases James, Inc., and the purchase method of accounting is used. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Jurion Co., post-merger
Current assets = ______________ Current liabilities = ______________
Fixed assets = ______________ Long-term debt = ______________
Goodwill = ______________ Equity = ______________
Total = ______________ Total = ______________

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