Allerton Company acquires all of Deluxe Companys assets and liabilities for cash on January 1, 2018, 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 $ 24,500 $ 24,500 Building 109,500 68,000 Land 11,000 25,300 Trademark 0 31,800 Goodwill 38,000 ? Liabilities (48,000 ) (48,000 ) Common stock (100,000 ) Retained earnings (35,000 ) 1&2. Prepare Allertons entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $131,000 and $90,500. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)