Goodwill and Bargain Purchase Phi Corporation paid $3,500,000 in cash for all of Chi Inc.'s assets and liabilities in a merger. The following table shows three possible cases for the merger:

Account	Fair Value
	Case 1
Current assets	$850,000
Plant assets	$1,500,000
Identifiable intangible assets	$1,300,000
Liabilities	$(1,900,000)
Fair value of identifiable net assets	$1,750,000

Required: In each of the above cases, prepare the journal entry Phi makes to record the acquisition.