Delta Corp. acquired all of the net assets of Epsilon Corp. on August 15, 2008, in an acquisition reported as a merger. The fair values of Epsilon Corp.’s identifiable net assets at the date of acquisition are as follows:

Tangible assets	$45,000,000
Intangible assets	$85,000,000
Liabilities	$65,000,000

Delta pays $140 million in cash and issues 3,000,000 shares of stock to the former owners of Epsilon. Delta’s stock has a par value of $1/share. The market price of the shares at the date of acquisition, $55/share, is used to value the shares issued. Registration fees for the stock are $750,000, and legal and consulting fees connected with the acquisition are $1,100,000, both paid in cash.

Required: Record the acquisition on August 15, 2008.