The following book and fair values were available for Westmont Company as of March 1. Book Value Fair Value $ 404,500 $ 353,250 816,000 1,080,000 2,025,000 2,361,750 831,000 (102,500) Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Arturo Company pays $4,070,000 cash and issues 26,600 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont's common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $30,800 and Arturo pays $50,900 for legal fees to complete the transaction. View transaction list 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.) Journal entry worksheet 1 0 (102,500) (2,000,000) 2 (500,000) (456,000) (471,500) 284,500 3 Record the acquisition of Westmont Company. A