In the year ended 30 June 2019, Susie Ltd acquired all of the issued shares of Linda Ltd for $231 300 on a cum div. basis.Information about the two companies at 1 July 2019 included the following.

• The equity of Linda Ltd at 1 July 2019 consisted of $144 000 share capital and $36 000 retained earnings.
• Included in the assets and liabilities recorded by Linda Ltd at 1 July 2019 were goodwill of $5400 and dividend payable of $4500.
• On the acquisition date all the identifiable assets and liabilities of Linda Ltd were recorded at carrying amounts equal to their fair values except for inventories for which the fair value of $39 600 was $3600 greater than its carrying amount, and equipment which had a fair value of $94 500 and a carrying amount of $90 000.
• Susie Ltd discovered that Linda Ltd had two assets that had not been recorded by Linda Ltd. These were internally generated patents that had a fair value of $45 000 and in-process research and development for which Linda Ltd had expensed $90 000, but Susie Ltd considered that an asset was created with a fair value of $18 000.
• In the notes to the financial statements at 30 June 2019, Linda Ltd had reported the existence of a contingent liability relating to guarantees for loans. Susie Ltd determined that this liability had a fair value of $9000 at 1 July 2019.

The tax rate is 30%.

Required

1.Prepare the acquisition analysis at 1 July 2019.

2.Prepare the consolidation worksheet entries for Susie Ltd's group at 1 July 2019. This should consist of BCVR entries and preacquisition entries.