18. Parkland buys all of Sander Company's assets and liabilities. Sander balance sheet at the date of acquisition, including fair value information on its reported assets and liabilities, is as follows: Book Value Fair Value Dr (C) Dr (Cr) Assets Cash, receivables $ 1,000,000 950.000 Inventories 5,000,000 4,000,000 Property and equipment 60.000.000 45.000.000 Total assets $ 66,000,000 Liabilities & Equity Accounts and notes payable $ 30,000,000 29,000,000 Common stock 500,000 Additional paid-in capital 15.000.000 Retained earnings 20.500.000 Total liabilities and equity $ 66,000,000 Assets and liabilities attributed to Sander, not currently reported on its books are: Favorable leaseholds Brand names In-process R&D Warranty liabilities Fair value S 3,000,000 9,500,000 1,000,000 1,800,000 . In addition, a deferred tax liability of $2,000,000 is recognized as part of the acquisition The acquisition terms are as follows: Parkland paid Sander' shareholders a total of $25,000,000 in cash. Parkland issued a total of 2,000,000 new shares of its common stock to Sander shareholders. Parkland's shares have a par value of $1/share and a total fair value of $92,000,000. Parkland paid $900,000 in cash for registration fees to issue the shares, Parkland paid $1,000,000 to a brokerage company for merger advisement, all paid in cash. . Using the attached T-account template, prepare the journal entry to record this acquisition on Parkland's books