Robinson Corporation purchased all the outstanding common stock of Hoffman Plastics, Inc. on December 31, 2017. Just before the purchase, the condensed balance sheets of the two companies appeared as follows Robinson Corporation Hoffman Plastics, Inc. $1.442.150 2,043,500 3.485.650 $534.050 2,089,200 862,400 $425.070 717,920 $1.142.990 $84.200 506,810 551,980 Current assets Plant and equipment (net) Current liabilities Common stock Retained earnings Robinson used current assets of $1,240,230 to acquire the stock of Hoffman Plastics. The excess of this purchase price over the book value of Hoffman Plastics' net assets is determined to be attributable $82,650 to Hoffman Plastics' plant and equipment and the remainder to goodwill Prepare the entry for Robinson's acquisition of Hoffman Plastics, Inc. stock. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31