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State sales tax Freight costs Insurance while in transit Insurance after equipment placed in service Installation costs Insurance for the first year of operations Testing $29,200 5,600 800 1,200 2,000 2,400 s 700 Required: Determine the capitalized cost of the equipment. 5. During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $12,000,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below Book Value Fair Value 4,000,000 3,000,000 4,125,000 1712500c $1,800,0001,625,000 2,700,000 Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable 9,000,00011,625,000 3,000,000 4,500,000 Required: Prepare the journal entry to record the acquisition by Brewer Company. 3,000,b 125, ooo Accounts Pusuole Bonds payeble 1 2,000,000