PLEASE HELP WITH PART B.

Business Combination Versus Asset Acquisition Haley Corporation pays $3,900,000 in cash to acquire assets from jaxon inc.. as follows: In addition, Haley pays $100.000 in cash for legal and advisory costs connected with the acquisition. Required Note: Enter all zeros with your numerical answers, do not abbreviate your answers in thousands or in millions. a. Prepare the journal entry to record the acquisition, assuming it qualifies as a business combination. b. Prepare the journal entry to record the acquisition. assuming it is an asset acquisition