Hernandez's Auto Repair Service has been in business for five years. He has developed a great reputation of doing a good job at reasonable prices. His reputation has given him a large, loyal clientele. During those years, Mr. Hernandez has purchased net assets of $160,000 on which he owes $50,000. Hernandez has decided to sell his business and open another one 10 miles away. Rudy Rodriguez has agreed to purchase the business for $210,000. Is it ethical for Mr. Hernandez to accept a larger amount for this business than its value? If so, how would Mr. Rodriguez record this transaction? Is it ethical for Mr. Hernandez to open a new business so close to the old business?