Required information APA-8 (Algo) Analyzing Goodwill and Reporting a Merger LO A-4 [The following information applies to the questions displayed below] On June 1, Gamma Company acquired all of the net assets of PI Company for $146,400 cash. The two companies merged, with Gamma Company surviving. On the date of acquisition. Pi Company's balance sheet Included the following: On the date of acquisition, the inventory had a fair value of $16,000 and the property and equipment hach fair value of $186,400. The fair value of the liabilities equaled their book value. 2. Prepare the Journal entry that Gamma Company would make to record the merger on June 1 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field