On August 15, 2018, Willis Inc. acquired all of the outstanding common stock of Bork Inc. paying $6,400,000 cash. The book values and fair values of Willis' assets and liabilities are listed below: Accounts receivable Inventories Property, plant, and equipment Accounts payable Bonds payable Book ValueFair Value S1,080,000S 975,000 1,620,000 2,450,000 5,400,0006,975,000 1,800,000 1,800,000 2,700,000 2,475,000 Required: Prepare the journal entry to record the acquisition by Wilis Inc. (hint - don't forget to check for goodwill)