On 1 July 2015 Sarah Ltd acquires all the shares in Jane Ltd for $600,000 cash

The financial statements of Jane Ltd as at 1 July 2015 shows the following:

Retained earnings 127,000

Share capital 215,000

The tax rate is 30%

At the date of acquisition all the net assets of Jane Ltd are at fair value except for the following:

	Carrying amount	Fair value
Land	$190,000	$232,000
Equipment (cost $232,000)	$155,000	$250,000

Calculate and enter the amount of FVA and the amount of goodwill for the acquisition analysis