The following are the liabilities and assets of hector Ltd Liabilities Share capital Debentures Sundry creditors Assets 60000 Goodwill 10000 Land & building 6000 Plant & Machinery General reserve 4000 Stock Profit & Loss A/c 20000 Debtors Cash Preliminary expenses Total assets 100000 Total liabilities and equity 28000 16000 28000 16000 8000 2000 2000 100000 John Ltd takes over the business of Hector Ltd. the value agreed for various assets and liabilities are: Goodwill Land & Building Plant and Machinery Stock Debtors Debentures sundry creditors 42000 45000 44000 33000 8000 10000 6000 Requirement: Calculate the purchase consideration and do the necessary entries in the books of Hector Ltd