ABC company plans to pay $41.75 in cash and .907 ABC Co. shares for every DEF Co. share.

DEF Co. has about 50.37 M shares of common stock outstanding. The price of ABC Co. Stock on February 22 prior to the announcement of the business combination was $13.93.

ABC Co. stock has no par value and the acquisition valuation is $2.8 billion.

Q. Prepare the ABC Co. entry to record its investment in DEF Co. assuming that all outstanding DEF Co. shares are obtained by ABC Co. but that DEF Co. is not immediately dissolved by ABC Co.

*Round your answer to balance the entry.