On 1/1/2019 Company AA purchased all of the shares of company BB from its shareholders. In return, Company AA paid those shareholders $ 200,000 as a note payable and issued for them 30,000 of its own shares (par value $ 4 each, market value $ 10 each). On this date, Company AA dissolves Company BB.AA also paid consulting fees of $ 3000 and registration fees of $ 4000, both in cash. The assets and liabilities of Company BB on 1/1/2019 equal the following values Account Book value Fair value Cash 50,000 50,000 Accounts receivable (net) 70,000 30,000 Inventory 150,000 140,000 Property, plant, and equipment (net) 600,000 500,000 Accounts payable 250,000 250,000 Required: Provide the journal entries to record the purchase in the books of AA Company