1. Healthy Greens, Inc. acquires Wholesome Snacks Corporation for $200 million in cash, in a merger. Wholesome Snacks’ balance sheet at the date of acquisition is as follows (in millions):

Current assets	$50
Plant and equipment	$120
Intangible assets	$30
Total assets	$200
Current liabilities	$35
Long-term debt	$70
Capital stock	$40
Retained earnings	$60
Treasury stock	$(25)
Total liabilities and equity	$200

A consulting firm values Wholesome Snacks’ plant and equipment at $60 million and its reported intangibles at $40 million. Due to declining interest rates, long-term debt has a fair value of $75 million. There are no unreported identifiable intangibles, and all other assets and liabilities are reported at amounts approximating fair value.

• Prepare the journal entry Healthy Greens makes to record its acquisition of Wholesome Snacks.