0.9. A Ltd. and B Ltd. amalgamated on 1st January, 2016. A new company AB Ltd. was formed to take over the businesses of the existing companies. The following are the balance sheets as on 31-12-2015: Equity and Liabilities (in '000) A Ltd. B Ltd. A Ltd. B Ltd. Assets Share Capital (Equity Shares 10 each) General Reserve Profit and Loss A/c Foreign Project Reserve 124 Debentures Sundry Creditors Sundry Fixed Assets 60,00 70,00 Investments 15,00 20,00 Stock 10,00 5,00 Debtors 6,00 3,00 Cash at Bank 30,00 40,00 Preliminary Expenses 10,00 15,00 131,00 1,53,00 85,00 10,50 12,50 18,00 4,50 50 75,00 5,50 27,50 40,00 4,00 1,00 1,31,00 1,53,00 AMALGAMATION 101 ABLtd. issued 8.00 h the equity sharehe consideration Lid are taken ssued 8,00 thousand and 9.00 thousand equity shares of 7 10 each at per to shareholders of A Ltd. and B Ltd. and paid the balance of the purchase ration in cash to discharge their claims. 12% Debentures of A Ltd. and B e taken over and then immediately discharged by issue of same number of 126 Debentures in AB Ltd. Prepare a note showin acquisition entre (Foreign Project note showing purchase consideration and discharge thereof and pass Son entries in the books of AB Ltd, assuming that the statutory reserve Project Reserve) is to be maintained for two more years. Also prepare stion Account and Equity Shareholders Account in the books of A Ltd