Problem 2: Danton Company acquires all of Cane's of assets and liabilities for cash on January 1, 2016, and subsequently formally dissolves Cane. At the acquisition date, the following book and fair values were available for the Cane's Company accounts: Required: Prepare Danton's entry to record its acquisition of Cane's in its accounting records assuming the following cash exchange accounts: a) $72,500. b) $55,000