Assignment Problem: On 1 July 2022 the equity of PQR Ltd consisted of share capital of $85 000 and retained earnings of $62 800. All the identifiable assets and liabilities of POR Ltd were recorded at amounts equal to fair value except for: Carrying amount Fair Value Brand $70 000 $82 000 Plant (cost $90,000) 50 000 58 000 Inventories 30 000 23.600 ABC Ltd acquired all the issued shares of PQR Ltd for $185 000 on 1 July 2022. The Brand was considered to have an indefinite life. It was estimated that the plant had a further life of 8 years, and was depreciated on a straight- line basis. All the inventories were sold by 30 June 2023. In May 2023, POR Ltd transferred $25 000 from the retained earnings on hand at 1 July 2022 to a general reserve. In June 2023, POR Ltd conducted an impairment test on the Band and on the goodwill acquired. As a result, the goodwill was considered to be impaired by $5 000 and brand by $7 000 The tax rate is 30% Required Prepare the acquisition analysis at 1 July 2022. 2. Prepare the consolidation worksheet entries for ABC Ltd's group at 1 July 2022. Prepare the consolidation worksheet entries for ABC Ltd's group at 30 June 2023. Reference: Loftus, J., Leo, K.J., Daniluc, S., Boys, N., Luke, B., Ang. H.N., & Byrnes, K. (2019)