The following book and fair values were available for Westmont Company as of March 1. Fair Value $ 499,250 1,211,750 2,177,750 843,680 (97,580) Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Book Value $ 538,750 768,750 1,835, eee 9 (97,500) (2,080, eee) (580, eee) (485, Bea) (445, 800) 385, eee Arturo Company pays $4.030,000 cash and issues 25,400 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 $31,600 and Arturo pays $49,700 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 Record the acquisition of Westmont Company. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet