During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $12,200,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below: Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable Book Value $1,900,000 2,900,000 9,200,000 3,200,000 4,700,000 Fair Value $ 1,725,000 4,200,000 11,825,000 3,200,000 4,325, 000 Required: Prepare the journal entry to record the acquisition by Brewer Company. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.)