Sigma Corp. acquired all of the net assets of Tau Corp. on October 30, 2013, in an acquisition reported as a merger. The fair values of Tau Corp.’s identifiable net assets at the date of acquisition are as follows:

Tangible assets	$45,000,000
Intangible assets	$85,000,000
Liabilities	$65,000,000

Sigma pays $140 million in cash and issues 3,000,000 shares of stock to the former owners of Tau. Sigma’s stock has a par value of $3/share. The market price of the shares at the date of acquisition, $50/share, is used to value the shares issued. Registration fees for the stock are $750,000, and legal and consulting fees connected with the acquisition are $1,100,000, both paid in cash.

Required: Record the acquisition on October 30, 2013.