IBM Acquired All of DemandTec's Assets and Liabilities IBM Identifies the Following Intangibles That Exist at the Acquisition

IBM acquired all of DemandTec's assets and liabilities. DemandTec's assets and liabilities at the date of acquisition are as follows:
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { B ook Value } \\\text { Dr (Cr) }\end{array} & \begin{array} { c } \text { Fair Value } \\\text { Dr (Cr) }\end{array} \\\hline \text { Cash \& receivables } & \$ 2,000,000 & \$ 1,500,000 \\\hline \text { Inventories } & 10,000,000 & 6,000,000 \\\hline \text { Plant \& equipment, net } & 30,000,000 & 19,000,000 \\\hline \text { Lo ans payable } & \{ 35,000,000 \} & \{ 34,000,000 \} \\\hline\end{array}$$ IBM identifies the following intangibles that exist at the acquisition date but are not currently reported on DemandTec's books. Not all of these may qualify as separately reported identifiable intangible assets, per ASC Topic 805.
$$\begin{array} { | l | r | } \hline & \text { Fair Value } \\\hline \text { Brand name } & \$ 12,000,000 \\\hline \text { Potential contracts with prospective customers } & 2,000,000 \\\hline \text { Order backlogs } & 5,000,000 \\\hline \text { Technically skilled wo rkforce } & 25,000,000 \\\hline\end{array}$$ The acquisition terms are as follows:
•$4,000,000 in cash paid to the former owners of DemandTec.
•200,000 new shares of IBM common stock, par value $0.50 and market value $130/share. Registration fees, paid in cash, were $500,000.
•$1,000,000 in cash paid to Credit Suisse for consulting services.
•Earnings contingency with an expected present value of $6,000,000 at the date of acquisition.
Required
Prepare the journal entry to record this acquisition on IBM's books.