During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $12,800,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below:

	Book Value				Fair Value
Accounts receivable	$	2,200,000			$	2,025,000
Inventories		3,500,000				4,800,000
Property, plant, and equipment		9,800,000				12,425,000
Accounts payable		3,800,000				3,800,000
Bonds payable		5,300,000				4,925,000

Prepare the journal entry to record the acquisition by Brewer Company.