The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Customer relationships Accounts payable $ Book Value Fair Value 450,250 $ 413,750 785,250 1,091,250 1,920,000 2,292,750 e (109,500) Common stock (2,000,000) Additional paid-in capital (500,000) Retained earnings, 1/1 (399,500) 846,000 (109,500) Revenues Expenses (433,500) 287,000 Arturo pays cash of $4,378,250 to acquire Westmont. No stock is issued and Arturo pays $50,800 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 acquisition of Westmont Company. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry nces View transaction list Journal entry worksheet 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