Allerton Company acquires all of Deluxe Companys 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
Current assets	$	51,500			$	51,500
Building		92,750				44,250
Land		27,000				43,000
Trademark		0				39,000
Goodwill		21,000				?
Liabilities		(57,250	)			(57,250	)
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: $157,000 and $92,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

(1-record the acquisition of delex assuming the cash exchange of 157,000). (2-record the acquisition of delex assuming the cash exchange of 92,000)

general journal....debit...credit