14. A company acquires the assets and liabilities of another company. The fair value of the acquired company's identifiable net assets is $5,000,000. The acquisition transaction includes the following: $5,000,000 in cash paid to the former owners of the acquired company 150,000 new shares of stock with a market value $45/share. Registration fees, paid in cash, were $1,000,000 $4,000,000 in cash paid to the underwriter for consulting services Earnings contingency with an expected present value of $3,000,000 at the date of acquisition . . . Using the attached T-account template, prepare the acquisition entry to be made by the acquiring company. Ne 14 EQUITY LIABILITIES ASSETS Non current Assets Non-Current Liabilities Current Liabilities Contributed Capital Earned Capital Acumulated OCI Property. Plant & Equipment Current Assets Investments Aucts Other