Question: Please answer quick! 3. Assume that the following balance sheets are stated at book value. Suppose the fair market value of Loafs fixed assets is

Please answer quick! 3. Assume that the following balance sheets are stated Please answer quick!

3. Assume that the following balance sheets are stated at book value. Suppose the fair market value of Loafs fixed assets is $18.300 versus the $12,400 book value shown. Meat pays $25,000 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

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