could someone please explain number 2 with detail? (including calculations)

edit: this is all that the question gave

Griffin Ltd is a major Australian manufacturer of women's clothing. One of its major competitors was Frank Ltd whose business was established by a French family over 30 years ago. It had won numerous awards for its designs and has established a number of brands that have been successful, especially with teenagers. In order to expand its business as well as to increase its market power, Griffin Ltd acquired on 1 July 2016 all the issued shares (cum div.) of Frank Ltd for $330 000. At this date, the equity of Frank Ltd was as follows. Share capital General reserve Retained earnings $200 000 20 000 50 000 All the identifiable assets and liabilities of Frank Ltd were recorded at amounts equal to their fair values except for the following. Plant (cost $220 000) Land Inventories Carrying amount $ 180 000 190 000 20 000 Fair value $ 186 000 210 000 28 000 The plant's expected remaining useful life was 5 years with benefits being expected evenly over that period. The plant was sold on 1 January 2019 for $187 000. The land was sold in February 2015 for $250 000. Of the inventories, 90% was sold by 30 June 2017 and the rest by 30 June 2018. At 1 July 2016, Frank Ltd had recorded a dividend payable of $10 000 that was paid in September 2016. Frank Ltd also had some unrecorded assets, in particular the brands relating to the clothing sold in the teenage market. Griffin Ltd valued these brands at $12 000 and assessed them to have an indefinite life. In the notes to its financial statements at 30 June 2016, Frank Ltd disclosed a contingent liability relating to a guarantee it had made to one of its related companies. Griffin Ltd assessed the fair value of the guarantee payable as being $10 000. In August 2018, Frank Ltd was required to pay $2500 in relation to the guarantee. All transfers to the general reserve made by Frank Ltd have been from retained earnings earned prior to 1 July 2016. The tax rate is 30%. The financial information provided by the two companies at 30 June 2019 is as follows. Revenues Expenses Griffin Ltd $ 190 000 (80 000) 110 000 5000 115000 (40000) 75 000 12 000 $ 87 000 Frank Ltd $110000 (76 000) 34000 4000 38000 (6000) 32 000 Gains on sale of non-current assets Profit before tax Income tax expense Profit for the year Other comprehensive income: Gains on revaluation of plant Comprehensive income for the year Profit for the year Retained earnings (1/7/18) 0 $ 32 000 $ 75000 80 000 155 000 (34000) Dividend paid Transfer to general reserve $ 32 000 88 000 120 000 0 (15000) (15000) $ 105 000 $ 200 000 48 000 Retained earnings (30/6/19) Share capital General reserve Asset revaluation surplus Retained earnings Total equity Provisions Payables Total liabilities Total equity and liabilities Cash Accounts receivable Inventories Plant Accumulated depreciation - plant Shares in Frank Ltd Total assets (34000) $ 121 000 $ 280 000 20 000 24000 121 000 445 000 15 000 40 000 55 000 $ 500 000 $ 12000 28000 30000 230 000 (120 000) 320 000 $ 500 000 105 000 353 000 12000 8000 20 000 $373 000 $ 30000 12 000 51 000 320 000 (40000) 0 $373000 Required 1. Prepare the acquisition analysis at 1 July 2016. 2. Prepare the consolidation worksheet entries for Griffin Ltd's group at 30 June 2019. 3. Prepare the consolidated financial statements for Griffin Ltd's group at 30 June 2019