Meat Co.
Current assets	$	13,600		Current liabilities	$	6,100
Net fixed assets		38,400		Long-term debt		10,600
				Equity		35,300
Total	$	52,000		Total	$	52,000

Loaf, Inc.
Current assets	$	4,200		Current liabilities	$	2,100
Net fixed assets		9,600		Long-term debt		2,700
				Equity		9,000
Total	$	13,800		Total	$	13,800
Assume that the following balance sheets are stated at book value.

Suppose the fair market value of Loafs fixed assets is $14,100 versus the $9,600 book value shown. Meat pays $20,800 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet, assuming that the purchase method of accounting is used.

Meat Co., post-merger
Current assets	$		Current liabilities	$
Fixed assets			Long-term debt
Goodwill			Equity
Total	$		Total	$