hamrockIndustries purchased all the following assets and liabilities of Protector Goods for $956,000cash:

Book Value Fair Value

Accounts Receivable $135,000 $135,000

Inventory 98,000 105,000

Property, Plant & Equipment (net) 563,000 692,000

Land 141,000 160,000

Accounts Payable 84,000 84,000

Notes Payable 111,000 111,000

Prepare the appropriate journal entries forShamrockIndustries on acquisition.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)