Problem 26-3 Balance Sheets for Mergers (LO2] Assume that the following balance sheets are stated at book value. Current assets Meat Company $ Current liabilities $ 7,100 15,600 41,400 Long-term debt 11,600 Equity 38,300 Net fixed assets Total Total 57,000 $ 57,000 Current assets Net fixed assets Loaf, Incorporated $ 5,200 Current liabilities $ 3,100 13,600 Long-term debt 3,700 Equity 12,000 Total Total 18,800 18,800 Suppose the fair market value of Loaf's fixed assets is $20,100 versus the $13,600 book value shown. Meat pays $26,800 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method. Current assets Fixed assets Meat Company, post-merger Current liabilities Long-term debt Equity Total Goodwill Total