During the current year, Brewer Company acquired all of the outstanding common stock of Miller Incorporated paying $12,800,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below. Fair Value $2,025,000 Book Value Accounts receivable $ 2,200,000 Inventories 3,500,000 4,800,000 Property, plant, and equipment 9,800,000 12,425,000 Accounts payable Bonds payable 3,800,000 3,800,000 5,300,000 4,925,000 Required: Prepare the journal entry to record the acquisition by Brewer Company. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.