2-20. The following book and fair values were available for Westmont Company as of March 1. Ld-I d Buddhgs Custorner relationships Accounts payable. Common stock Additional paid-in capital Retained earnings 1/1 Revenues. Book Value s 630,000 750,000 (80,000) (SOO,OOO) (360,000) (420,000) 280,000 Fair Wue 600,000 990,000 (80.000) Arturo Company pays cash and issues 20,000 shares of its $2 par value common stock (fair value of 550 per share) for all of Westmont's common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to S25, 000 and Arturo pays $42,000 for legal fees to complete the transaction. Prepare Arturo's journal entry to record its acquisition of Westmont.