Omega Corp. acquired all of the net assets of Alpha Corp. on April 15, 2010, in an acquisition reported as a merger. The fair values of Alpha Corp.’s identifiable net assets at the date of acquisition are as follows:

Tangible assets	$40,000,000
Intangible assets	$80,000,000
Liabilities	$60,000,000

Omega pays $150 million in cash and issues 2,500,000 shares of stock to the former owners of Alpha. Omega’s stock has a par value of $3/share. The market price of the shares at the date of acquisition, $45/share, is used to value the shares issued. Registration fees for the stock are $850,000, and legal and consulting fees connected with the acquisition are $1,100,000, both paid in cash.

Required: Record the acquisition on April 15, 2010.