Could you help to answer question A to F for this case study?

It is about acquisition analysis, BCVR and pre-acquisition journal entriesandconsolidated balance sheet.

Thank you.

ACCT2201 GROUP CASE STUDY On 1 July 2013 Batman Ltd acquired all of the share capital of Robin Limited for a consideration of $472000 cash and a patent that was held in their accounts at a book value of $8000 but now had a fair value of $13000. At that date all the identifiable assets and liabilities were recorded at fair value with the exception of: ASSET Book Value Market Value Inventory 9,600 11,500 Land 20,000 25,000 Plant 14,000 (less depn.) (2000) 12,000 19,000 Accounts Receivable 14,000 12,700 The inventory was all sold by 30/6/14. The remaining useful life of the plant is 7 years. The accounts receivable were collected by 30/6/14 for $12,500. The land was sold on 30/12/16 for $26000. The plant was on hand still at 30/6/17. At the date of acquisition the equity of Batman Ltd consisted of: Share Capital 300,000 General Reserve 96,000 Retained Earnings 56,000 Information from the trial balances of Batman Ltd and Robin Ltd at 30 June 2017 is presented overleaf. Additional Information 1. On 1 Jan 2017 Robin Ltd sold inventory to Batman Ltd costing $60,000 for $80,000. Half of this inventory was sold to outside parties for $60,000 by 30/6/17. 2. On 1 Jan 2016 Robin Ltd sold inventory costing $5000 to Batman Ltd for $7000. Batman Ltd treats the item as equipment and depreciates it at 5% per annum. 3. On 1 July 2016 Robin sold plant to Batman for $10,000. The plant had cost Robin $10,000 on 1 July 2014 and it was being depreciated at 10% per annum. Batman regards the plant as inventory. The inventory was all sold by 30th July 2016. 4. At 1 July 2016 Robin Ltd held inventory that it had purchased from Batman Ltd on 1 June 2016 at a profit of $6000. All inventory was sold by 30 J2017 5. Batman Ltd accrues dividends from Robin Ltd once they are declared. 6. Batman Ltd has earned $500 in interest revenue in the 2017 financial year from Robin Ltd. 7. Batman Ltd has earned $3500 in service revenue in the 2017 financial year from Robin Ltd. 8. Assume a tax rate of 30%. Required: A. Prepare the acquisition analysis at 1 July 2013. B. Prepare the BCVR and pre-acquisition journal entries at 1 July 2013. C. Prepare the BCVR and pre-acquisition journal entries at 30 June 2017. D. Prepare the consolidation worksheet journal entries to eliminate the effects of inter-entity transactions as at 30 June 2017. E. Prepare the consolidation worksheet for the preparation of the consolidated financial statements for the period ended 30 June 2017. F. Prepare the consolidated statement of profit or loss and other comprehensive income, the consolidated balance sheet and the consolidated statement of changes in equity for the period ended 30 June 2017. Presentation Your work should be prepared using an Excel spreadsheet and saved as a PDF to be submitted via LMS by the due date. THE CASE STUDY IS WORTH 20% OF THE TOTAL MARKS FOR THE UNIT Batman Ltd DR Sales Revenue Trial Balances As at 30 June 2017 Robin Ltd CR DR 1,192,500 CR 932,500 Cost of Sales 888,000 676,000 Wages and Salaries 61,000 32,000 Depreciation Expense 5,200 4,800 Service Expense 3,500 5,000 Interest Expense 7,000 500 Other Expenses Gain on Sale of Non-Current Assets 4,000 6,000 - 7,000 Service Revenue 6,000 5,000 Interest Revenue 500 7,000 Dividend Revenue 10,000 - Income tax expense 97,120 Retained Earnings 1/7/16 118,480 100,820 70,280 Dividend Paid 10,000 5,000 Dividend Declared 12,000 5,000 Share Capital 500,000 300,000 General Reserve 135,000 96,000 Other Equity 1/7/16 4,000 12,000 Gains on Financial Assets 1,000 6,000 - 5,000 Loan Payable to Batman Ltd Deferred Tax Liability 52,000 30,000 Dividend Payable 12,000 5,000 Shares in Robin Ltd 485,000 - Cash 125,000 85,000 Inventories 168,000 36,000 Other Current Assets 11,000 300,000 Dividend Receivable 5,000 - Loan receivable from Robin Ltd Financial Assets 5,000 - 15,000 68,000 52,000 28,000 Plant and Equipment Acc. Depreciation Plant 10,000 14,000 Land 70,000 2,023,820 120,000 2,023,820 1,489,780 1,489,780