The following book and fair values were available for Westmont Company as of March 1. inventory Book Value Fair value Land 245, 506 Buildings 820,500 $ 203,750 2, 115, 060 1 072, 580 Customer relationships 2,457 , 750 Accounts payable 833, 256 Common stock (96, 090 ) 2,000,090) (96, 009) Additional paid-in capital Retained earnings, 1/1 (500,080) Revenues (413, 090) Expenses (494, 600) 322,600 Arturo Company pays $4.160.000 cash and issues 22,200 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 $31,900 and Arturo pays $51,200 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 worksheetThe following book and fair values were available for Westmont Company as of March 1. Book Value Fair Value Inventory 245, 500 $ 203, 750 Land 820, 500 1, 072, 500 Buildings 2, 115, 000 2, 457 , 750 Customer relationships 833, 250 Accounts payable (96, 600) (000 '96) Common stock (000 '800 '7) Additional paid-in capital (000 '005 ) Retained earnings, 1/1 (413, 060) Revenues Expenses 322, 006 Arturo Company pays $4,160,000 cash and issues 22,200 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 $31,900 and Arturo pays $51,200 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 2 3 Prey 1 of 1 Next pdf PDE Chmaj - American...pdf GOD AMS 111 Play and....pdf DDB AMS 111 Play and.pdf W 342 Contract Sum..doc w= 342 Contra to search O W DELL F-4 F6 F10 F11 F12 PrtSer Insert Del LA m