Hobulduk Company has a 30% equity interest in entity Hogren. The carrying value of the equity interest, which has been accounted for as an associate in accordance with IAS 28, is C200.000. Hobulduk purchases the remaining 70% interest in Hogren for cu 1.500.000 in cash. The fair value of the 30% previously held equity interest is determined to be C500.000. The net value of the identifiable assets and liabilities is as follows: Book Value Fair Value CU Hogren Hogren Assets Cash 1.750.000 1.750.000 Accounts Receivable 750.000 650.000 Inventory 500.000 550.000 Land 450.000 700.000 Buildings & Equipment 400.000 500.000 Accumulated Depreciation -350.000 Customer lists 50.000 Total Assets 3.500.000 Liabilities & Stockholders' Equity Accounts Payable 700.000 750.000 Bonds Payable 1.600.000 1.550.000 Common Stock 1.000.000 Retained Earnings 200.000 Total Liabilities & Equity 3.500.000 1. How does entity A account for the business combination? Please provide the journal entries at the date of acquisition. 2. Please discuss which type of Valuation Models and Techniques woud be used by Hobulduk in the determination of fair values of Land, Building and Equipment in Purchase Price Allocation study