The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Customer relationships Book Value $ 609,250 $ 755,250 1,800,000 Fair Value 572,250 1,050,000 2,152,500 0 Accounts payable (91,000) 849,750 (91,000) Common stock (2,000,000) Additional paid-in capital (500,000) Retained earnings, 1/1 (416,500) Revenues Expenses (481,500) 324,500 Arturo pays cash of $4,385,500 to acquire Westmont. No stock is issued and Arturo pays $44,600 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 1 Record the acquisition of Westmont Company. 2 Record the legal fees related to the combination. E >