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: Current assets Building Land Trademark Goodwill Liabilities Common stock Retained earnings Book Fair Values Values $ 33,000 $ 33,000 103, 250 54,250 31,750 43,850 0 34,600 15,500 ? (48,500) (48,500) (100,000) (35,000) 1&2. Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $155,000 and $94,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 12 Record the acquisition of Delex assuming the cash exchange of $94,000. Note: Enter debits before credits. Transaction General Journal 2 Debit Credit Record entry Clear entry View general journal 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: Current assets Building Land Trademark Goodwill Liabilities Common stock Retained earnings Book Fair Values Values $ 33,000 $ 33,000 103, 250 54,250 31,750 43,850 0 34,600 15,500 ? (48,500) (48,500) (100,000) (35,000) 1&2. Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $155,000 and $94,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 12 Record the acquisition of Delex assuming the cash exchange of $94,000. Note: Enter debits before credits. Transaction General Journal 2 Debit Credit Record entry Clear entry View general journal