Consolidation Worksheet Adjustment Entries (10 marks) On 1 July 2020, Dark Ltd acquired all the issued shares of Sam Ltd for $1,700,000. At that date, the equity of Sam Ltd was recorded at: Share Capital: $600,000 Retained earnings: $500,000 Reserves: $280,000 N All the assets and liabilities of Sam Ltd were recorded at amounts equal to their fair values at the acquisition date, except; Carrying Amount Fair Value Patent 110,000 140,000 Inventory 58,000 90,000 Equipment(cost:$240,000) 220,000 260,000 Required: 1. Prepare the acquisition analysis on 1 July 2020. (1.5 marks) 2. Prepare the consolidation worksheet entries for Darka Ltd's group on 1 July 2020. (8.5 marks)