On January 1, 16 Dennis Inc. acquired Larson Company's net assets in exchange for Dennis common stock with a par value of $100,000 and a fair value of $800,000. Dennis also paid $10,000 in direct acquisition costs and $20,000 in stock issuance costs. On this date, Larson's condensed account balances showed the following: Book Value Fair Value Current Assets $280,000 $370,000 Plant and Equipment 440,000 480,000 Accumulated Depreciation (100,000) Intangibles - Patents 80,000 130,000 Current Liabilities (140,000) (140,000) Long-Term Debt (100,000) (110,000) Common Stock (200,000) Other Paid-in Capital (120,000) Retained Earnings (140,000) Required: Record the Journal entries of Dennis purchase of Larson Company