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 Current assets Building Land Trademark Goodwill Liabilities : Common stock Retained earnings Fair Values $ 55,250 $ 55,250 105,500 61,900 18,750 35,350 0 37,400 20,000 (64,500) (64,500) (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: $170,000 and $108,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet < 1 2 Record the acquisition of Delex assuming the cash exchange of $170,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 Record the acquisition of Delex assuming the cash exchange of $108,000. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal