Allerton Company acquires all of Deluxe Company$$s assets and liabilities for cash on January $1,2021,$ and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts:

Book

Values Fair

Values

Current assets $ $57,250$ $ $57,250$

Building $91,50048,700$

Land $33,50049,200$

Trademark $034,000$

Goodwill $17,000?$

Liabilities $(64,250)(64,250)$

Common stock $(100,000)$

Retained earnings $(35,000)$

$1$&$2.$ Prepare Allerton$$s entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $$164,000$ and $$106,000.$