Windsor Industries purchased all the following assets and liabilities of Protector Goods for $$906,000$ cash:

Accounts Receivable

Inventory

Property, Plant & Equipment $($net$)$

Land

Accounts Payable

Notes Payable

Book Value

$$136,000$

$83,000$

$519,000$

$148,000$

$89,000$

$108,000$

Fair Value

$$136,000$

$91,000$

$644,000$

$170,000$

$89,000$

$108,000$

Prepare the appropriate journal entries for Windsor Industries on acquisition.