On $11$ March $2024,$ Avator Ltd acquired all shares of Brisbane Ltd by issuing $2$ millionordinary shares $($market value $$4$ per share$)$ and paid $$460,000$ cash immediately to theformer shareholders of Brisbane Ltd and will also pay additional cash of $$300,000$ twoyears after acquisition.Avator Ltd also agreed to assume a liability of $$220,000$ incurred by Brisbane Ltd$.$In the purchase agreement, if Brisbane Ltds profits exceed $$3,500,000$ for each of thethree years after the acquisition, an additional payment of $$900,000$ is to be made to the former shareholders of Brisbane Ltd$.$ Brisbane Ltd has historically made the profit between $$4,000,000$ and $$6,000,000.$The discount rate used by Avator Ltd is $6\%.$Besides, Avator Ltd paid the following expenses in relation to the acquisition:Legal consultancy fee for acquisition: $$80,000$Fee for valuation of net assets of Brisbane Ltd: $ $10,000$Broker fee for issuing ordinary shares by Avator Ltd: $$7,000$Required: $($All figures should be rounded to zero decimal place.$)($a$)$ Based on the IFRS $3,$ compute the fair value of total amount of consideration onthe acquisition date. $($Note: Please show each part of the total consideration separately.$)($b$)$ Prepare journal entry for the above mentioned acquisition related expenses.