Allerton Company acquires all of Deluxe Companys assets and liabilities for cash on January 1, 2015, 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	$	55,250	$	55,250
Building		105,500		61,900
Land		18,750		35,350
Trademark		0		37,400
Goodwill		20,000		?
Liabilities		(64,500)		(64,500)
Common stock		(100,000)
Retained earnings		(35,000)

Prepare Allertons entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2) $ 108,000 Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company.