The following book and fair values were available for Westmont Company as of March 1 Book Value Fair Valu 261,750 $ 231.500 759,750 1,002,000 Inventory Land Buildings Custoner relationships Accounts payable Common stock Additional paid-in capital Retained earnings 1/1 Revenues Expenses 2,150,000 2,464,250 849,000 (88,000)B8.000) (2,000,000 (500,000) (415,500) (469, 500) 301,500 Arturo Company pays $3,710,000 cashland issues 21,900 shares of its $2 par value common stock (fair value of $50 per share) for al of Westmont's common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $29,700 and Arturo pays $46,000 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