During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $11,900,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below:

	Book Value				Fair Value
Accounts receivable	$	1,750,000			$	1,575,000
Inventories		2,600,000				3,900,000
Property, plant, and equipment		8,900,000				11,525,000
Accounts payable		2,900,000				2,900,000
Bonds payable		4,400,000				4,025,000

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.)

record the acquisition by Brewer Company