Problem 11-4 Baker Company Accounts Receivable Inventory Fixed Assets $155,000 280,000 Accounts Payable 22,000 Note Payable 140,000 $300,000 Common Stock 100,000 (150,000) 150,000 100,000 Accum Deprec Retained Earnings Brayden's Board Co. will buy Baker Company for $475,000. They estimate that the Accounts Receivable are worth about $140,000, the Inventory is worth $250,000 and the Fixed Assets are worth $220,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Brayden's Board Co. books.