Consider the following pre-merger information about Firm X and Firm Y:

Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $6 per share. Assuming that neither firm has any debt before or after the merger, construct the post-merger statement of financial position for Firm X assuming the use of the purchase accounting method.

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Firm X Firm Y Total earnings Shares outstanding Per-share values: Market Book $13,000 15,000 $91,000 40,000 17 54 4 14