Please show work where numbers come from

Pay company acquires all of Pal Company's assets and liabilities on January 1, 2015. Pay buys Pal with 20% of the purchase price in cash and 80% by issuing its own stock, par value $5, fair value $32. Right after the acquisition, Pay dissolves Pal. On January 1, 2015, the following book and fair values were available for the Pal accounts: Book Value Fair Value Current assets 45,000 45,000 Building 115,000 85,000 Land 60,000 110,000 Trademark 35,000 Goodwill 35,000 Liabilities (45,000) (45,000) Common stock (50,000) Retained earnings (160,000) Prepare Pay's journal entry to record its acquisition of Pal, assuming the following purchase prices: a.) $200,000 (15 points) b.) $280,000 (12 points)