Thorn Company acquires Underbrush Company for 2,000,000 shares of $0.50 par common stock with a market price of $15/share. Underbrush has the following assets and liabilities reported on its balance sheet at the date of acquisition: Book Value Fair Value $400,000 $500,000 1,200,000 700,000 Liabilities 500,000 450,000 Current assets Plant assets Support Following are previously unreported assets identified as belonging to Underbrush: Fair Value Contracts under negotiation with potential customers $5,000,000 In-process research & development 2,500,000 Patent rights 3,000,000 Skilled workforce 10,000,000 Required Prepare the journal entry to record the acquisition on Thorn's books, as a merger. Not all drop-down answers may be required for the journal entry. If an account is not required, select "N/A" as your answer. Enter all zeros with your numerical answers, do not abbreviate your answers in thousands or in millions. Description Debit Credit - A - . Common stock, par Additional paid-in capital