$ 375 000 105 000 Question 1 On 1 July 2018, Xero Ltd acquired all the share capital of MYOB Ltd for 5 725 000 cum div. At this date, MYOB Ltd.'s equity and dividend payable were: Share capital - 200 000 shares General reserve Retained earnings 95 000 Dividend Payable 25 000 All identifiable assets and liabilities of MYOB Ltd were recorded at fair value as at 1 July 2018 except for the following Carrying amount Fair value Inventory 598 000 S 108 000 Land 165 000 195 000 Equipment (cost $130 000) 90 000 100 000 The dividend payable at 1 July 2018 was paid by MYOB Ltd on 1 January 2019 and treated correctly in the books of Xero Ltd. The equipment is expected to have a further 10-year life. All the inventory taken over on 1 July 2018 was sold by 30 June 2019. The tax rates 30% On 30 June 2019, the directors of MYOB Ltd decided to transfer $ 52 500 from the general reserve to retained earnings REQUIRED A. Prepare the acquisition analysis in relation to Xero Lid acquisition of MYOB Ltd. B. Prepare the consolidated worksheet entries for the consolidated financial statements prepared by Xero Ltd at 30 June 2013