During the current year, brewer company acquired all of the outstanding common stock of miller inc. paying $12,800,000 cash. the book values and fair values of miller's assets and liabilities acquired are listed below: book value fair value accounts receivable $ 2,200,000 $ 2,025,000 inventories 3,500,000 4,800,000 property, plant, and equipment 9,800,000 12,425,000 accounts payable 3,800,000 3,800,000 bonds payable 5,300,000 4,925,000