On January 1,2024 , Pronghorn Company acquired all the assets and assumed all the liabilities of Ivanhoe Company and merged Ivanhoe into Pronghorn. In exchange for the net assets of Ivanhoe, Pronghorn gave its bonds payable with a maturity value of $659,000, a stated interest rate of 11%, interest payable semiannually on June 30 and December 31 , a maturity date of January 1 , Prepare the journal entry on the books of Pronghorn Company to record the acquisition of Ivanhoe 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.)