$ The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Book Value Fair Value 644,750 $ 609,000 779,250 1,086,750 1,770,000 2,138,250 Customer relationships 0 Accounts payable (102,000) 842,250 (102,000) Common stock (2,000,000) Additional paid-in capital (500,000) Retained earnings, 1/1 (424,500) Revenues Expenses (457,000) 289,500 Arturo pays cash of $4,456,250 to acquire Westmont. No stock is issued and Arturo pays $49,800 for legal fees to complete the transaction. Prepare Arturo's journal entries to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the acquisition of Westmont Company. Note: Enter debits before credits. Transaction General Journal Debit Credit >