During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $11,100,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below: 15 Book Value Fair Value Accounts receivable 1,350,000 $ 1,175,000 1,800,000 3100,000 8,100,000 10,725,000 2,100,000 2,100,000 3,600,000 3,225,000 Inventories Property, plant, and points equipment Accounts payable Bonds payable Print Required: Prepare the journal entry to record the acquisition by Brewer Company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Seved Help Save & Exit Submit Required: Prepare the joumal entry to record the acquiion by Brewer Company of no entry is requlred for a transaction/event, select "No Journal entry required" in the first account fleld.) View transaction list Journal entry worksheet points Print Record the acquisition by Brewer Company TEST Note: Enter debits before credits General Journal Debit Credit Next ) 15 of 10 Prev