Amgen, Inc in Thousand Oaks, California acquires all of Cherrybark Companys assets and liabilities for cash on January 1, 2021, and subsequently formally dissolves Cherrybark. At the acquisition date, the following book and fair values were available for the Cherrybark Company accounts:

	Book Values			Fair Values
Current assets	$	57,250		$	57,250
Building		91,500			48,700
Land		33,500			49,200
Trademark		0			34,000
Goodwill		17,000			?
Liabilities		(64,250	)		(64,250	)
Common stock		(100,000	)
Retained earnings		(35,000	)

1&2. Prepare Amgens entry to record its acquisition of Cherrybark in its accounting records assuming the following cash exchange amounts: $164,000 and $106,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)