During the current year, Brewer Company acquired all of the outstanding common stock of Miller Incorporated paying $13,000,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below: Book Value $ 2,300,000 Fair Value $ 2,125,000 Accounts receivable Inventories Property, plant, and equipment Accounts payable 3,700,000 10,000,000 5,000,000 12,625,000 Bonds payable Required: 4,000,000 4,000,000 5,500,000 5,125,000 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. View transaction list Journal entry worksheet < 1 Record the acquisition by Brewer Company. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal