I need help with what I have gotten wrong so far.

Consolidated Balance Sheet Working Paper, Date of Acquisition, Bargain Purchase On January 1, 2019, Paxon Corporation acquired 80 percent of the outstanding common stock of the Saxon Company for $1.4 billion cash. The balance sheets of Paxon and Saxon, immediately prior to the combination, follow: (in millions) Paxon Saxon Assets Cash and receivables $ 2,860 5720 $ Inventory 1,700 900 Equity method investments 300 Land 650 Buildings and equipment, net 2,400 600 Total assets $ 7,610 $2,695 Liabilities and shareholders' equity Current liabilitiess $1,500 $1,000 Long-term debt 2,000 400 Common stock, par value 500 100 Additional paid-in capital 1,200 350 Retained earnings 845 Total liabilities and shareholders' equity $7,610 $ 2,695 175 2,410 Several of Saxon's assets and liabilities had fair values that were different from their book values. Estimates of the fair values of these items follow: . : (in millions) Estimated fair value Inventory $ 800 Equity method investments 250 Land 420 Buildings and equipment, net 900 In addition, Saxon had previously unrecorded identifiable intangible assets valued at $110 million. The estimated fair value of the noncontrolling interest in Saxon is $200 million. a. Calculate the gain on acquisition and prepare Paxon's entry to record the acquisition When appropriate, use negative signs with your revaluation answers (left column only) . Do not use negative signs with your answers in the right column. Enter answers in millions. 1,800 x (1,295) 505 X $ $ 1,700 X Acquisition cost Fair value of noncontrolling interest Total Book value of Saxon Revaluations: Inventory Equity method investments Land Buildings and equipment, net Identifiable intangibles Fair value of identifiable net assets Gain on acquisition 100 X (50) 245 300 110 705 X 100 x $ Paxon's acquisition entry (in millions): General Journal Description Debit Investment in Saxon Cash Noncontrolling interest Credit 0X X