BBB Manufacturing Bhd decided to expand further by purchasing Hoora Bhd. The statement of financial position of Hoora Bhd as of 31 December 2022 was as follows: An appraisal, agreed to by the parties, indicated that the fair value of the inventory was RM350,000 and the fair value of the plant assets was RM1,125,000. The fair value of the receivables is equal to the amount reported on the statement of financial position. The agreed purchase price was RM2,095,000, and this amount was paid in cash to the previous owners of Hoora Bhd