1. Background Information Mobi-Cell Ltd ("Mobi-Cell") is a mobile telecommunications company. It sells mobile phones, provides access to its mobile network 1, and sells voice minutes (airtime) and internet data (data) bundles. Airtime and data bundles are sold on both prepaid 2 and 12-month contracts. Mobi-Cell has begun preparations of its separate and group financial statements ahead of its 30 June 2023 year-end ("FY2023"). You have been tasked to assist in the accounting of some transactions brought to the attention of the financial reporting team. All the entities in the Mobi-Cell group have a 30 June year-end. 5. Acquisition of the assets and Ilabilities of Cell Towers (Pty) Ltd On 30 June 2023, Mobi-Cell purchased all the assets and liabilities of Cell Towers (Pty) Ltd ("CT"), a company which manufactures mobile phone towers. The acquisition of CT qualified as a business combination as defined in IFRS 3 Business Combinations. On 30 June 2023, the assets and liabilities that Mobi-Cell acquired in the business combination had the following carrying amounts in CT's separate financial statements and the following fair values: Note 1: The factory comprises a building and land. The fair values of the land and building were R5 million and R20 million respectively on 30 June 2023 . On 30 June 2043, CT has a legal obligation to demolish this building, and to restore the environment on which the building is situated. This obligation was transferred to Mobi-Cell as part of the acquisition of the factory building. On 30 June 2023, you correctly determined that the costs expected to demolish the building and to restore the environment on 30 June 2043 would be R7 million, which was also the fair value of the expected future costs. You may assume that a fair post-tax rate of 9% per annum (compounded annually) was applicable on 30 June 2023. Note 2: The inventory at hand on 30 June 2023 had a cost of R3 500000 and a net realisable value of R4 100000 . Note 3: CT correctly expensed costs of R1 300000 in developing an internally generated patent in its separate financial statements. This patent had a fair value of R1 800000 on 30 June 2023 and this transfers to Mobi-Cell as part of the business combination. The purchase contract stipulated that the purchase price would be settled as follows: - R40 million should be paid in cash to CT's previous owner, Mr Kganka, on 30 June 2023. - A building owned by Mobi-Cell (correctly classified as PPE) with a carrying amount in Mobi-Cell's books of R4 500000 and a fair value of R5 500000 on 30 June 2023, will be transferred to Mr Kganka on 30 June 2023. Mobi-Cell purchased this building on 1 January 2019 at a cost of R5 000000 . 1) Prepare the journal entry(ies) to account for the acquisition of CT's assets and liabilities on 30 June 2023 in Mobl-Cell's separate FY2023 financial statements. - Journal narrations are not required. - Ignore all journal entries related to tax