Kash, Inc used debentures with a par value of $660,000 to acquire 100% of Sheb, Inc. on January 1, 2013. On the date the fair value of the debentures issued was $644,000. The following balance sheet data were reported by Sheb at the point of the acquisition:
Prepare the entry to record the above transaction
	Historical Cost	Fair Value
Cash & Receivables	80,000	75,000
Inventory	145,000	200,000
Land	75,000	75,000
Plant & Equipment	450,000	350,000
Less: Accumulated Depreciation	(170,000)
Total Assets	580,000	700,000
Account Payable	50,000	50,000
Common Stock	100,000
Additional Paid in Capital	60,000
Retain Earnings	370,000
Total Liability & Equity	580,000