Silver Enterprises has acquired All Gold Mining in a merger transaction. Construct the balance sheet for the new corporation if the merger is treated as a purchase of interests for accounting purposes. The market value of All Gold Mining’s fixed assets is $12,100; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $20,800 in new long-term debt to finance the acquisition. The following balance sheets represent the premerger book values for both firms:

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Current assets Other assets Net fixed assets Total Current assets Other assets Net fixed assets Total Silver Enterprises $ 7,400 2,080 23,910 $33,390 Current liabilities Long-term debt Equity $ 2,080 800 9,620 $12,580 Total All Gold Mining Current liabilities Long-term debt Equity Total $ 4,030 10,600 18,760 $33,390 $ 2,070 0 10,510 $12,580