1)The following book and fair values were available for Westmont Company as of March 1. Book value Fair value Inventory 630000 600000 Land 750000 990000 Buildings 1700000 2000000 Customer relationships 0 800000 Accounts Payable (80000) (80000) Common Stock (2000000) Additional paid-in capital(500000) Retained earnings 1/1 (360000) Revenues (420000) Expenses 280000 Arturo Company pays cash of $4200000 to acquire Westmont. No stock is issued.Prepare journal entry to record its acquisition of Westmont