Explanation too!

E2.4 Recording an Acquisition In 2015, Verizon Communications, Inc. acquired AOL Inc. for consid- eration valued at $4,141 million. AOL's net assets acquired had the following fair values at the acquisition date: (in millions) Fair Value Identifiable intangible assets Other assets Liabilities. .. $2,504 1,551 (1,852) 2,203 1,938 Total identifiable net assets Goodwill ... Total purchase price. $4,141 Identifiable intangible assets consist primarily of acquired technology and customer relationships. Assume Verizon paid cash for the acquisition, and also incurred $200 million in cash payments for bankers' fees, consulting fees, and restructuring costs. Required Prepare Verizons journal entry to record its acquisition of AOL, as a merger