The following book and fair values were available for Westmont Company as of March $1.$

Arturo pays cash of $$4,288,000$ to acquire Westmont. No stock is issued and Arturo pays $$49,100$ 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.$)$

Journal entry worksheet

Record the acquisition of Westmont Company.