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Hobulduk Company has a 30% equity interest in entity Hogren. The carrying value of the equity interest, which has been accounted for as an associate in accordance with IAS 28, is C200.000. Hobulduk purchases the remaining 70% interest in Hogren for cu 1.500.000 in cash. The fair value of the 30% previously held equity interest is determined to be C500.000. The net value of the identifiable assets and liabilities is as follows: Book Value Hogren Fair Value Hogren CU Assets 1.750.000 650.000 1.750.000 750.000 500.000 450.000 400.000 - 350.000 550.000 700.000 500.000 50.000 Cash Accounts Receivable Inventory Land Buildings & Equipment Accumulated Depreciation Customer lists Total Assets Liabilities & Stockholders' Equity Accounts Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Equity 3.500.000 750.000 1.550.000 700.000 1.600.000 1.000.000 200.000 3.500.000 1. How does entity A account for the business combination? Please provide the journal entries at the date of acquisition. 2. Please discuss which type of Valuation Models and Techniques woud be used by Hobulduk in the determination of fair values of Land, Building and Equipment in Purchase Price Allocation study