On January 1, 2024, Bramble Company acquired all the assets and assumed all the liabilities of Cullumber Company and merged Cullumber into Bramble. In exchange for the net assets of Cullumber, Bramble gave its bonds payable with a maturity value of $562,000, a stated interest rate of 11%, interest payable semiannually on June 30 and December 31, a maturity date of January 1, 2034, and a yield rate of 12%. Balance sheets for Bramble and Cullumber (as well as fair value data) on January 1, 2024, were as follows:

		Bramble		Cullumber
		Book Value		Book Value			Fair Value
Cash		$258,510			$123,230			$123,230
Receivables		332,870			146,000			130,450
Inventories		770,480			209,270			283,980
Land		767,270			102,220			299,710
Buildings		1,028,630			375,090			30,390
Accumulated depreciationbuildings		(299,900)			(156,540)
Equipment		256,060			138,870			40,020
Accumulated depreciationequipment		(75,120)			(92,730)
Total assets		$3,038,800			$845,410			$907,780
Current liabilities		$301,340			$94,070			$94,070
Bonds payable, 8% due 1/1/2034, Interest payable 6/30 and 12/31					273,100			231,900
Common stock, $15 par value		1,297,270
Common stock, $5 par value					222,390
Other contributed capital		1,019,600			182,880
Retained earnings		420,590			72,970
Total equities		$3,038,800			$845,410

Prepare the journal entry on the books of Bramble Company to record the acquisition of Cullumber Company's assets and liabilities in exchange for the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)