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 following balance sheets represent the premerger book values for both firms: 

The market value of All Gold Mining’s fixed assets is $9,300; the market values for current and other assets are the same as the book values. Assume that Silver Enterprises issues $16,000 in new long-term debt to finance the acquisition.

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Silver Enterprises $ 5,700 1,600 Current liabilities Current assets $ 3,100 8,150 14,450 Long-term debt Equity Total Other assets Net fixed assets 18,400 Total $25,700 $25,700 All Gold Current liabilities Current assets Other assets Net fixed assets Total Misog 680 $1,590 Long-term debt 7,400 Equity Total 8,090 $9,680 $9,680