On 1 July 2016, A Ltd acquired 60% of the issued shares of B Ltd for $190 000. At this date, the equity of B Ltd was:

Share capital

General reserve

Retained earnings

$100000

1000

60000

At acquisition date

. At 30 June 2018, the equity of B Ltd consisted of:

Share capital

General reserve

Retained earnings

$100000

1000

90000

During the 2017-18 year B Ltd recorded a profit of $20000.

Required:

Prepare the acquisition analysis and consolidated worksheet entries at 30 June 2018 for A Ltd assuming At 1 July 2016, the fair value of the non-controlling interest was $125000 and A Ltd adopts the full goodwill method.