The following book and fair values were available for Westmont Company as of March 1. Arturo pays cash of $4, 310,000 to acquire Westmont. No stock is issued and Arturo pays $45,000 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.)