On December,2019. Orange Company acquired the set sets of Wolf Corporation At the acquisition date the netbook value of the identifiable et assets for Wolf's books) was 54,800,000 and the value of Wolfs net assets totaled 10400,000. The purchase price of the acquisition was $12,000,000 -all in cash. The following are the net Carrying Value Bar Value 2,285,000 S 2,250,000 Accounts receivable 1.985.000 1,955,000 3.256,000 3,150,000 Property and Equipment, ne 1,082.000 Accounts payable summary journal cember 9, 2019 Assume the same facts as above, except that Orange Company acquired the same net assets for 510,000,000 in cash. Prepare the summary journal entry to record the net asset purchase at December 9, 2018