The following book and fair values were available for Westmont Company as of March 1. Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Book Value Fair Value $ 644,750 $ 6e9, eee 779,250 1,086,750 1,779,00 2,138,250 842, 250 (102,030) (182,Bea) (2,809,680) (509,980) (424,500) (457,080) 289,500 Arturo pays cash of $4.456.250 to acquire Westmont. No stock is issued 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 Record the acquisition of Westmont Company. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal