of stion Practical Question: (6 Marks) A Ltd acquired all the assets and liabilities of B Ltd on 1 July 2021. At this date, the assets and liabilities of B Ltd consisted of Carrying Amount Fair value Cash 1,125,000 1,125,000 Inventory 337,500 352,500 Land 1,440,000 1,490,000 Plant 765,000 865,000 Accounts payable 135,000 135,000 Loans 315,000 315,000 Share capital(200000 Shares) 2,017,500 Retained earnings 1,200,000 In exchange for these net assets, A Ltd agreed to: 1- issue 4 A Ltd shares for each B Ltd share with a price of $5 per share; costs of share issue were $1500 2- transfer a patent to the former shareholders of B Ltd, the patent was carried in the records of Altd at $150000 but was considered to have a fair value of $210000 A Ltd incurred $3000 in costs associated with the acquisition of these net assets. Divad e to search oc W were $1500 2- transfer a patent to the former shareholders of B Ltd, the patent was carried in the records of Altd at $150000 but was considered to have a fair value of $210000 A Ltd incurred $3000 in costs associated with the acquisition of these net assets. Required: 1- Prepare an acquisition analysis in relation to this acquisition. (2.25 Marks) 2- Prepare the journal entries in A Ltd to record the acquisition at 1 July 2021. (3.75 Marks)