Pluto Corporation purchased Saturn Corporation’s assets and liabilities for $4,500,000 in cash.  Saturn's reported assets and liabilities have the following fair values at the date of acquisition:

              

	Fair Value Dr (Cr)
Cash, receivables	$  5,000,000
Inventory	7,000,000
Land and buildings	30,000,000
Liabilities	(40,000,000)

Saturn also has brand names, with a fair value of $4,000,000, that are not reported on its balance sheet.

a. Using a t-account template:

Prepare the acquisition entry assuming that Pluto is treating this transaction as a merger.

           b. Using a t-account template:

             Prepare the acquisition entry assuming that Pluto is treating this transaction as a stock acquisition.