Exercise 27.5 (Loftus et al., 2020, p. 979) On 1 July 2022, Jersey Ltd acquired all the issued shares (cum div.) of Ezra Ltd for $480 000. At that date, the financial statements of Ezra Ltd showed the following information. Share capital General reserve Retained earnings Dividend payable $ 200 000 100 000 140 000 40 000 All the assets and liabilities of Jersey Ltd were recorded at amounts equal to their fair values at the acquisition date. The dividend payable reported at 1 July 2022 by Ezra Ltd was paid on 15 August 2022. Ezra Ltd paid a further dividend of $50 000 on 2 February 2023 from post- acquisition profits. Required 1. Prepare the acquisition analysis at 1 July 2022. 2. Prepare the consolidation worksheet entries for Jersey Ltd's group at 1 July 2022. 3. Prepare the consolidation worksheet entries for Jersey Ltd's group at 30 June 2023. 4. How would the entries for 2 and 3 above change if the shares were bought on an ex div. basis