Allerton Company acquires all of Deluxe Companys assets and liabilities for cash on January 1, 2015, 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

$

38,750

$

38,750

Building

100,000

56,000

Land

32,500

46,600

Trademark

0

30,200

Goodwill

17,000

?

Liabilities

(53,250)

(53,250)

Common stock

(100,000)

Retained earnings (35,000)

a)

Prepare Allertons entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

I REALLY ONLY NEED THE AMOUNT OF GOODWILL!!!!!!!!!!!!!!!!!!!

(1) $ 160,500

.