Prepare the journal entry to record the direct costs for the following:

ABC Corporation (parent) acquired 100% of the outstanding common stock of Oraby Inc. (subsidiary) and ABC assumed and paid in cash the following direct costs of acquisition: ?

Expense name	Amounts in SR
Legal fees	5,000
Accounting fees	10,000
Travel expenses	2,000
Legal fees (stock issue)	15,000
Accounting fees (stock issue)	3,000
SEC filing fees	15,000
Total	50,000