Parkland buys all of Sander Company's assets and liabilities. Sander' balance sheet at the date of acquisition, including fair value information on its reported assets and liabilities, is as follows: Book Value Dr (Cr) Fair Value Dr (Cr) Assets Cash, receivables Inventories Property and equipment Total assets $ 1,000,000 5,000,000 60.000.000 $ 66,000,000 $ 950,000 4,000,000 45,000,000 29,000,000 Liabilities & Equity Accounts and notes payable Common stock Additional paid-in capital Retained earnings Total liabilities and equity $ 30,000,000 500,000 15,000,000 20.500,000 $ 66,000,000 Assets and liabilities attributed to Sander, not currently reported on its books are: Favorable leaseholds Brand names In-process R&D Warranty liabilities Fair value $ 3,000,000 9,500,000 1,000,000 1,800,000 In addition, a deferred tax liability of $2,000,000 is recognized as part of the acquisition. The acquisition terms are as follows: Parkland paid Sander' shareholders a total of $25.000.000 in cash. Parkland issued a total of 2.000.000 new shares of its common stock to Sander' shareholders. Parkland's shares have a par value of $1/ share and a total fair value of $92,000,000. Parkland paid $900,000 in cash for registration fees to issue the shares. Parkland paid $1,000,000 to a brokerage company for merger advertisement, all paid in cash. Using the attached T-account template, prepare the journal entry to record this acquisition on Parkland's books