On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts:

Accounts

Book Value

Fair Value

Accounts Receivables

$1,900,000

$1,725,000

Inventories

$2,800,000

$4,000,000

Accounts Payable

$2,000,000

$2,000,000

Property, Plant and Equipment

$8,000,000

$12,625,000

Bonds Payable

$4,600,000

$4,225,000

Using Excel, prepare the journal entry to record the acquisition by Bullseye Company.

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