Allerton Company acquires all of Deluxe Companys 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			Fair Values
Current assets	$	61,000		$	61,000
Building		91,750			44,650
Land		31,000			45,700
Trademark		0			37,600
Goodwill		15,000			?
Liabilities		(63,750	)		(63,750	)
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: $152,000 and $112,000