On January 1, 2022, Alaska Corporation acquired Mercantile Corporation's net assets by paying $160 cash.

Balance sheet data for the two companies and fair value information for Mercantile Corporation immediately before the business combination are given below:

	Alaska				Mercantile
	Book Value				Book Value				Fair Value
Cash and receivables		$	240			$	50			$	50
Inventory			120				25				36
Patents			50				20				40
Buildings and Equipment			330				250				150
Less: Accumulated Depreciation			140				150
Total Assets		$	600			$	197			$	276
Accounts Payable		$	185			$	135			$	145
Common Stock			120				20
Additional Paid-In Capital			140				25
Retained Earnings			155				17
Total Liabilities and Equities		$	600			$	197

Give the journal entry that Alaska recorded at the time of business combination (fill the blanks).