xchange in Hull books. Question# Two (8 Marks). Norduct Homes, Inc. decides to purchase several assets of a small heating concern, Comfort Heating. In lieu of paying cash for the assets, the company issues to Comfort Heating 10,000 ordinary shares (par value $10) that have a market price of $15 per share. Comfort Heating is in the process of liquidation. Its assets sold are: Inventory Land Book Value $80,000 Fair Value $70,000 55,000 60,000 Building 35,000 40,000 Instructions: Prepare the journal entry to record the acquisition of the assets.