Merger and Stock Investment

an unreported customer database valued at $$3$ million.

a$.$ Prepare the necessary journal entry on Saxton's books to record its acquisition of Taylor on January $1,2013.$

Enter your'answers in thousands. For example, $$1$ million $=$$$1,000$ or $$500,000=$$$500.$

b$.$ Assume that Saxton purchases all of Taylor's voting stock on January $1,2013,$ for $$72$ million in cash. Prepare the necessary journal entry on Saxton's books to record the acquisition.

Enter your answers in thousands. For example, $$1$ million $=$$$1,000$ or $$500,000=$$$500.$

Please answer all parts of the question.