00 The following book and fair values were available for Westmont Company as of March 1 3 DOS Inventory Land Buldings Customer relationships Accounts payable Con stock Additional pold-in capital Retained earnings, 1/1 Revenues Expenses Book Value Fair Value $ 630,000 $ 600,000 750,000 990,00 1,700,000 2,000,000 0 300,000 (30,000) (80,000) (2,000,000) (500,000) (360,000) (420,000) 280,000 ebook Print References Arturo pays cash of $4,200,000 to acquire Westmont. No stock is issued and Arturo pays $42,000 for legal fees to complete the transaction Prepare Arturo's journal entries to record its acquisition of Westmont (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet