On 1 July 2016, A Ltd acquired 100% of the issued shares of B Ltd for $265 000. At this date, the equity of B Ltd was: Share capital $ 100 000 General reserve 40 000 Retained earnings 50 000 All the identifiable assets and liabilities of B Ltd were recorded at amounts equal to their fair values except for: Plant (cost $60 000) Land Carrying amount S40 000 12 000 Fair value $50 000 16 000 The plant was considered to have a further 2-year life with benefits to be received equally in each of those years. The tax rate is 30%. Required: Prepare Acquisition Analysis and adjusting entries required on consolidation on 30 June 2017