Consider the following premerger information about Firm X and Firm Y: 

Assume that Firm X acquires Firm Y by issuing long-term debt to purchase all the shares outstanding at a merger premium of $5 per share. Assuming that neither firm has any debt before the merger, construct the postmerger balance sheet for Firm X assuming the use of the purchase accounting method.

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Firm X Firm Y Total earnings $95,000 $43,200 Shares outstanding 41,800 26,500 Per-share values: Market 2$ 53 $ $ 19 Вook $ $ 21 $