Business Combination (4 marks) On 1 July 2018, Blue Ltd acquired all of the assets and liabilities of Gold Ltd. In exchange for these assets and liabilities, Blue Ltd issued 300 000 shares that at date of issue had a fair value of $2.00 per share, The asset and liabilities of Gold Ltd at 1 July 2018 were as follows: Carrying amount Fair value Assets Cash at Bank $50,000 $50,000 Accounts receivable $33,000 $35,000 Inventory $70,000 Plant 235,000 $66,000 $350,000 ($96,000) $220,000 Accumulated depreciation - plant Trademark $240,000 Liabilities Bills Payable (69,000) ($80 000) (590,000) Debentures ($90,000) Required Calculate acquisition analysis of Blue Ltd at 1 July 2018. (4 marks)