During the current year, Brewer Company acquired 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.
Definitions:
Sales Increase
A rise in the quantity or volume of sales of goods and services over a specific period.
Percent
A ratio or fraction expressed as parts per hundred, used to denote a portion of a whole in terms of percentage.
Discount Mall
A shopping center or area where goods are sold at prices lower than the typical market value, often featuring a variety of discount stores and outlets.
Downtown Toronto
Downtown Toronto refers to the central business district of Toronto, Canada, known for its skyscrapers, vibrant cultural scene, and as a major hub of finance and commerce.
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