The following book and fair values were available for Westmont Company as of March 1. Book Value Inventory Land Buildings Customer relationships Accounts payable $ 644,750 779,250 Fair Value $ 609,000 1,086,750 1,770,000 e (102,000) 2,138,250 842,250 (102,000) Common stock (2,000,000) Additional paid-in capital (500,000) Retained earnings, 1/1 Revenues Expenses (424,500) (457,000) 289,500 Arturo Company pays $4,130,000 cash and issues 28,200 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 $32.400 and Arturo pays $49,800 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 3 Record the acquisition of Westmont Company. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 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 Journal entry worksheet < 1 2 Record the payment of stock issuance costs. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit View general journal Record entry Clear entry