During the Current Year, Brewer Company Purchased All of the Outstanding

During the current year, Brewer Company purchased all of the outstanding common stock of Miller Inc. paying $12,000,000 cash. The book values and fair values of Miller's assets and liabilities acquired are listed below:
Required:
Prepare the journal entry to record the acquisition by Brewer Company.
$\begin{array}{lrr}&\text { Book Value } & \text { Fair Value } \\\text { Accounts receivable } & \$ 1,800,000 & \$ 1,625,000 \\\text { Inventories } & 2,700,000 & 4,000,000 \\\text { Property, plant, and equipment } & 9,000,000 & 11,625,000 \\\text { Accounts payable } & 3,000,000 & 3,000,000 \\\text { Bonds payable } & 4,500,000 & 4,125,000\end{array}$