(20 pts) Weakfish Company purchased 100% of Squeteague Company on January 1, 2021 for $950,000 by Issuing 200,000 shares of its $1 par common stock. The book value of Squeteague at the time was $900,000 with the excess attributed to goodwill and equipment equally. There were direct expenses $15,000 and indirect expenses of $40,000. The purchase is an acquisition or consolidation. a. Record the acquisition on January 1, 2021 on the books of Weakfish.