The following book and fair values were available for Westmont Company as of March 1. $ Book Value 367,500 756,000 2,040,000 Inventory Land Buildings Customer relationships Accounts payable Common stock Additional paid-in capital Retained earnings 1/1 Revenues Expenses Fair Value 318,000 998, 250 2,346,000 842,250 (88,000) (88,000) 12,000,000) (500,000) (412,000) (446,000) 282,500 Arturo Company pays $3,740,000 cash and issues 21,500 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 $31,700 and Arturo pays $46,100 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.) View transaction list 1 Record the acquisition of Westmont Company. 2 Record the legal fees related to the combination. Record the payment of stock issuance costs