Pre‐ and post‐acquisition dividends  LO3, 4, 5 On 1 July 2019, Jackson Ltd acquired all the issued shares (cum div.) of Laurie Ltd for $240 000. At that date, the financial statements of Laurie Ltd showed the following information. Share capital $100 000 General reserve 50 000 Retained earnings 70 000 Dividend payable 20 000 All the assets and liabilities of Jackson Ltd were recorded at amounts equal to their fair values at the acquisition date. The dividend payable reported at 1 July 2019 by Laurie Ltd was paid on 15 August 2019. Laurie Ltd paid a further dividend of $25 000 on 2 February 2020 from post‐ acquisition profits. Required 1. Prepare the acquisition analysis at 1 July 2019. 2. Prepare the consolidation worksheet entries for Jackson Ltd’s group at 1 July 2019. 3. Prepare the consolidation worksheet entries for Jackson Ltd’s group at 30 June 2020. 4. Discuss how the entries for 2 and 3 above would change if the shares were bought on an ex div. basis.