Alpha limited acquired all the issued shares of Beta Ltd on 1st July 2018 for $1917097. At this date, the equity of the Beta Ltd stated below. Share capital Retained earnings General reserve $670516 $287842 $229827 All the identifiable assets and liabilities of Beta Ltd were recorded at amounts equals to their fair values at acquisition date except for the following. Carrying amount Account Cost Fair value Further useful life $287842 $575684 $670516 Inventories $517670 Land $1036455 Plant $804396 $1207153 Additional information: 92% of the inventories were sold by 30th June 2019; the remainder was sold by 30th June 2020. In April 2019, Beta Ltd transferred $114913 from the General reserves to retained earnings. The applicable Tax rate would be 30 % Required, 1. Prepare the acquisition analysis at 1st July 2018. 2. Prepare the consolidation worksheet entries for the Alpha Ltd's group at 30th June 2019. (Please mention relevant calculations and workings whenever necessary)