During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $12,000,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below. Book Value $1,800,000 Fair Value $ 1,625,000 Accounts receivable Inventories 2,700,000 4,000,000 Property, plant, and equipment 9,000,000 Accounts payable Bonds payable 3,000,000 11,625,000 3,000,000 4,500,000 4,125,000 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.) No 1 Transaction. 1 Answer is not complete. General Journal Debit Credit Goodwill Cash 10,125,000 1,875,000 12.000.000