During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $11,300,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below: Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable Book Value $1,450,000 2,000,000 8,300,000 2,300,000 3,800,000 Fair Value $ 1,275,000 3,300,000 10,925,000 2,300,000 3,425,000 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.) View transaction list Journal entry worksheet Record the acquisition by Brewer Company. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal