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 Fair value Accounts receivable $1,800,000 $1,625,000 Inventories 2,700,000 4,000,000 Property, plant, and equipment 9,000,000 11,625,000 Accounts payable 3,000,000 3,000,000 Bonds payable 4,500,000 4,125,000 Required: Prepare the journal entry to record the acquisition by Brewer Company