QUESTION 11 Noura Company purchased Shaikha Company by paying 1,000,000 in cash for all of Shaikha Company's assets and liabilities. Book values and fair market values as of the day of acquisition are given below. In addition Noura Company also paid the following items to negotiate the acquisition: Legal fees of 40,000; Appraisal fees of 30,000, and Consultant fees of 5,000 Shaikha Co Shaikha Co Book Values Fair Values Accounts Receivable 145,000 145,000 Inventory 165,000 155,000 Trademark 95,000 Land 140,000 250,000 Buildings & Equipment 600,000 600,000 Accumulated Depreciation 150,000 Current Liabilities 300,000 310,000 Required: Provide the journal entry made by Noura Company to record the transacion. Paragraph Arial 3 (12pt) .EE T'T