The following book and fair values were available for Westmont Company as of March 1 Book Value Fair Value $450,250 413,750 785,250 1,091,250 1,920,000 2,292,750 846,000 Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings 1/1 Revenues Expenses (109,500) 109, 500) (2,000,000) (500,000) (399,500) (433,500) 287,000 (3500, 000 Arturo pays cash of $4,378,250 to acquire Westmont. No stock is issued and Arturo pays $50,800 for legal fees to complete the transaction Prepare Arturo's journal entry 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.)