Several years ago, Company A acquired 100% of Company B for $84,227 cash. Prior to acquisition, Company had inventories of $30,041, receivables of $41,734, property, plant and equipment of $17,510 and accounts payable of $18,622 on its books. Company a estimated that all of the assets and liabilities were on company B'S books at fair value except for inventory which was worth $10,000 more than book value. Assuming purchase accounting treatment (not a merger of equals), what journal entry would Company A have recorded for the transaction?

What would the journal entry have been if Company A had only bought 80% of Company B and paid $67,382?