The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Customer relationships Accounts payable Common stock Retained earnings, 1/1 Revenues Expenses Book Value Fair Value $ 404,500 $ 353,250 816,000 1,080,000 2,025,000 2,361,750 0 (102,500) 831,000 (102,500) (2,000,000) Additional paid-in capital (500,000) (456,000) (471,500) 284,500 Arturo pays cash of $4,395,500 to acquire Westmont. No stock is issued and Arturo pays $50,900 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 legal fees related to the combination. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal