1. The partners of AhBa Partnership wish to convert the partnership into a limited liability company. On 1 January 20X9, AhBa Sdn. Bhd. was incorporated with authorised capital of 600,000 ordinary shares of RM1 each to purchase all the assets (except cash), and liabilities of AhBa Partnership on 1 January 20X9. AhBa Sdn. Bhd. was to discharge the purchase price by issuing 400,000 ordinary shares.

The following is the Statement of Financial Position of AhBa Partnership as at 1 January 20X9:

Land and Building	RM	RM 200,000
Plant and Machinery		100,000
Inventories		30,000
Trade Receivables		40,000
Bank		4,000
Capital:		374,000
Ahmad	200,000
Baba	150,000	350,000
Trade Payables		24,000
		374,000
The following are the fair values of the	assets taken over:
Land and Building		RM 220,000
Plant and Machinery		110,000
Inventories		25,000
Trade Receivables		30,000

The partners share profits and losses equally. Ahmad agreed to accept any cash remaining as part settlement of the amount due to him on liquidation of the firm. You are required to calculate the goodwill.