Problem 17 Consider Dezie's Company Accounts Receivables $300,000 Accounts Payable 250,000 Inventory 200,000 Note Payable 400,000 Fixed Assets $900,000 Owners' Equity Accum Deprec 100,000 800,000 Common Stock 200,000 Retained Earnings 450,000 Hayley's Company will buy this company (Dezie's) for $1,200,000. Hayley estimates that the Accounts Receivables are worth $270,000, the Inventory is worth $220,000 and the Fixed Assets are worth $750,000. The Note Payable is interest only at 10% with exactly ten years left before the principle is due. Current interest rates are 8%. Everything else is worth its book value. Prepare the journal entry made by Hayley to record the purchase