Organic Juices, Inc. acquires Healthy Snax Corporation for $50 million in cash, in a statutory merger. Healthy Snax' balance sheet at the date of acquisition is as follows (in millions):

A consulting firm values Healthy Snax' plant and equipment at $40 million and its intangibles at $25 million. There are no unreported identifiable intangibles, and all other assets and liabilities are fairly reported.
Required
Prepare the journal entry Organic Juices makes to record its acquisition of Healthy Snax

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$10 Current liabilities..$12 Current assets . Plant and equipment65 Long-term debt. Intangible assets. 5 Capital stock 18 24 Retained eanings. Total assets . $80 Total liabilities and equity. .. . _ .$80