Consolidation: Acquisition analysis (3 + 5 + 3 = 11 marks) On 1 July 2024, Lola Ltd acquired all the issued shares of Molly Ltd for $250 000. The financial statements of Molly Ltd showed its equity at that date to be as follows. Share capital (20 000 shares) $120 000 General reserve 50 000 Retained earnings 80 000 All the assets and liabilities of Molly Ltd were recorded at amounts equal to their fair values at that date. Required 1. Prepare the acquisition analysis at 1 July 2024. 2. Prepare the consolidation worksheet entries for Lola Ltd's group at 1 July 2024. 3. What are the four characteristics of power according to AASB 10/IFRS 10