On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying

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 

Required:

Prepare the journal entry to record the acquisition by Bullseye Company.