The balance sheet of MT Co. shows current assets of $14,000, net fixed assets of $21,800,...

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The balance sheet of MT Co. shows current assets of $14,000, netfixed assets of $21,800, current liabilities of $4,300, long-termdebt of $2,600, and equity of $28,900. The balance sheet of LF Inc.has current assets of $4,700, net fixed assets of $8,100, currentliabilities of $2,200, long-term debt of $1,200, and equity of$9,400. The market value of LF's fixed assets is $14,100. MTpurchases LF for $20,000 and raises the funds through an issue oflong-term debt. What will be the value of the equity account on thepost- merger balance sheet assuming the purchase accounting methodis used? Multiple Choice $39,600 $28,900 $33,600 $43,000$29,600

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The balance sheet of MT Co. shows current assets of $14,000, netfixed assets of $21,800, current liabilities of $4,300, long-termdebt of $2,600, and equity of $28,900. The balance sheet of LF Inc.has current assets of $4,700, net fixed assets of $8,100, currentliabilities of $2,200, long-term debt of $1,200, and equity of$9,400. The market value of LF's fixed assets is $14,100. MTpurchases LF for $20,000 and raises the funds through an issue oflong-term debt. What will be the value of the equity account on thepost- merger balance sheet assuming the purchase accounting methodis used? Multiple Choice $39,600 $28,900 $33,600 $43,000$29,600