SPRING 2010 Saved Help During the current year, Brewer Company acquired all of the outstanding common stock of Miller Inc. paying $11,300,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below: Accounts receivable Inventories Property,plant,and equipment Accounts payable Bonds payable Book Value Fair Value 1,450,000 1,275,000 3,300,000 10, 925, 000 2,300,000 3,425, 000 2,000,000 8, 300,000 2,300,000 3, 800,000 Required: Prepare the journal entry to record the acquistion by Brewer Company. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list