Also please include account title and explanation

Prepare the journal entries on the books of Sheffield to record the acquisition of Sheridan Company's net assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Condensed balance sheets for Sheffield Company and Sheridan Company on January 1, 2023, are as follows: On January 1, 2023, the stockholders of Sheffield and Sheridan agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquiree, it was agreed that Sheffield was acquiring Sheridan. Sheffield agreed to issue 56,000 shares of its $10 par stock to acquire all the net assets of Sheridan at a time when the fair value of Sheffield's common stock was $15 per share. On the date of consolidation, the fair values of Sheridan's current assets and liabilities were equal to their book values. The fair value of plant and equipment was, however, $402,000. Sheffield will incur $56,000 of direct acquisition costs and $16,800 in stock issue costs. Prepare the journal entries on the books of Sheffield to record the acquisition of Sheridan Company's net assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Prepare the journal entries on the books of Sheffield to record the acquisition of Sheridan Company's net assets. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)