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.