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 $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.

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Silver Enterprises Current assets $ 7,400 Current liabilities $ 4,030 Other assets 2,080 Long-term debt 10,600 Net fixed assets 23,910 Equity 18,760 Total $33,390 Total $33,390 All Gold Mining Current assets $ 2,080 Current liabilities $ 2,070 Other assets 880 Long-term debt Net fixed assets 9,620 Equity 10,510 Total $12,580 Total $12,580