Non-Controlling Interest (NCI) (10 marks) On 1 July 2020, Sugar Ltd acquired 89% of the shares of Glider Ltd for $1380,000. At this date, the equity of Glider Ltd consisted of; Share Capital : $700,000 Retained earnings: $250,000 General reserve: $200,000 all the identifiable assets and liabilities of Glider Ltd were recorded at amounts equal to fair value except for; Carrying Amount Fair Value Patent 110,000 140,000 Inventory 80,000 120,000 Required: 1. Acquisition analysis at 1 July 2020 (1.5 Marks) 2. Business combination valuation entries at 1 July 2020 (3 Marks) 3. Pre-acquisition entries at 1 July 2020 (3 Marks) 4. NCI share of equity at acquisition date 1 July 2020 (2.5 Marks)