Liabilities Assets A Ltd. $ B Ltd. $ Fixed Assets Investments Current Assets Goodwill 8,30,000 16,00.000 1,70,000 6,90,000 16.80,000 20.000 5,000 Shares of $-100 each 80,000 Shares of $ 10 each Capital Reserve General Reserve Secured Loans Unsecured Loans Creditors Provision for tax Proposed dividend A Ltd. B. Ltd. $ $ 5.00.000 8.00,000 1.00.000 3.60.000 10,00,000 4,00,000 2.20,000 4.20.000 4,60,000 1.10,000 5,20,000 1.00.000 17.10.000 32.80,000 17.10,000 32.80,000 A Ltd. was absorbed on this date. For the purpose of absorption, the goodwill of A Ltd. was considered valueless. A Ltd. had arrears of depreciation amounting to $ 40,000. The shareholders of A Ltd. are allotted, in full satisfaction of their claims, shares in B Ltd. in the same proportion as the respective intrinsic value of the shares of the two companies bear to each other. Close the books of A Ltd. and Journalise the transaction in B Ltd's Books