Peep Inc. acquired 100% of the outstanding common stock of Shy Inc. for $2,343,900 cash and 16,280 shares of its common stock ($2 par value). The stock's market value was $40 on the acquisition date. In addition, Peep Inc. incurred the following direct costs: Accounting fees for the purchase Legal fees for registering the common stock 29,780 Other legal fees for the acquisition Travel expenses to meet with Shy managers 5,090 SEC filing fees $14,160 48,990 2,170 $100,190 Before the acquisition consummation date, $93,070 of the direct costs was charged to a deferred charges account pending the completion of the acquisition. The remaining $7,120 has not been accrued or paid. Prepare the journal entry to record both the acquisition and the direct costs. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record the acauisition)