During the current year, the Brewer Company acquired all of the outstanding common shares of Miller Inc. for $12,200,000 in cash. The book values and fair values of the acquired Miller assets and liabilities are listed below:

		Value in books			fair value
accounts receivable	ps	1,900,000		ps	1.725.000
inventories		2,900,000			4,200,000
Property, plant and equipment		9,200,000			11,825,000
Accounts payable		3,200,000			3,200,000
Obligations with the public		4,700,000			4.325.000

Required:

Prepare the journal entry to record the acquisition by the Brewer Company.