On 1 July 2017, Max Ltd acquired 90% all the issued shares of Jay Ltd for $240 000. At this date the equity of Jay Ltd consisted of Share capital of $80 000, Retained earnings of $60 000, and General Reserve of $40 000. All the identifiable assets and liabilities of Jay Ltd were recorded at amounts equal to fair value. On 30/6/2019 the equity accounts consisted of Share capital of $80 000, Retained earnings of $70 000, and General Reserve of $60 000. Profit for the year 2018-2019 was $22 000 The tax rate is 30%. Using the Partial goodwill method Required 1. Calculate Acquisition analysis? (6 marks) 2. Prepare NCI consolidation journal entries (4 marks)