Nature’s Best, Inc. acquires Healthy Eats Corporation for $160 million in cash, in a merger. Healthy Eats’ balance sheet at the date of acquisition is as follows (in millions):

Current assets	$40
Plant and equipment	$110
Intangible assets	$20
Total assets	$170
Current liabilities	$28
Long-term debt	$65
Capital stock	$35
Retained earnings	$45
Treasury stock	$(20)
Total liabilities and equity	$170

A consulting firm values Healthy Eats’ plant and equipment at $45 million and its reported intangibles at $30 million. Due to declining interest rates, long-term debt has a fair value of $70 million. There are no unreported identifiable intangibles, and all other assets and liabilities are reported at amounts approximating fair value.

Prepare the journal entry Nature’s Best makes to record its acquisition of Healthy Eats.