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 50,000 53,050 41,550 35,800 Current assets Building Land Trademark Goodwil1 Liabilities Common stock Retained earnings 50,000 94,250 21,750 22,000 (53,000) (100,000) (35,000) (53,000) 1&2. Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $162,000 and $115,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the acquisition of Delex assuming the cash exchange of $162,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet Record the acquisition of Delex assuming the cash exchange of $115,000 Note: Enter debits before credits. Transaction General Journal Debit Credit