The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings 1/1 Revenues Expenses Book Value Fair Value $ 281, see $ 250, eee 885, 5ee 1,112,25 2,870, eee 2,416,5ee 870, eee (82,500) (82,500) (2,800, eee) (5ee, eee) (421,500) (446, eee) 293, eee Arturo pays cash of $4,365,250 to acquire Westmont. No stock is issued and Arturo pays $50,000 for legal fees to complete the transaction. Prepare Arturo's journal entry 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 Record entry Clear entry View general journal Journal entry worksheet