Allerton Company acquires all of Deluxe Company's 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 $26,750 26,750 65,550 43,850 31,700 Current assets Building Land Trademark Goodwil1 Liabilities Common stock Retained earnings 112,250 25,750 21,750 (100,000) (51,500) (51,500) (35,000) 1&2. Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $160,000 and $98,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)