Silver Enterprises has acquired All Gold Mining in a merger transaction. Construct the balance sheet for the new corporation. The following balance sheets represent the pre-merger book values for both firms:

The market value of All Gold Mining’s non-current assets (excluding goodwill) is £5,800; the market values for current assets and goodwill are the same as the book values. Assume that Silver Enterprises issued £8,400 in new long-term debt to finance the acquisition.

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Current assets Goodwill Net non-current assets Total Current assets Goodwill Non-current assets Total SILVER ENTERPRISES 6,600 800 7,900 Equity 15,300 Total ALL GOLD MINING 1,100 350 Current liabilities Non-current liabilities 2,800 4,250 Current liabilities Non-current liabilities Equity Total 4,800 5,900 4,600 15,300 () 900 0 3,350 4,250