Arya Ltd acquired 25% of the voting shares of Brya Ltd on 1 July 2014 for $80,000. At the date of acquisition the shareholders equity of Brya is as follows: Share Capital 220,000 Retained earnings 100,000 320,000 All assets are recorded at their fair value The following information relates to Brya Ltd: Profit /loss after tax as of 30/6/15 are $60,000, dividend paid $20,000, ARR balance $2,000. Required: (a) Prepare the equity accounting journals at 1 July 2014 and 30 June 2015 assuming that Arya does not prepare consolidated financial statements. (b) Calculate Value of equity for Brya Ltd