On 1 July 2018, A Ltd acquired all of the issued shares (cum div.) of B Ltd for $200,000. At this date, the equity of B Ltd consisted of: Share capital $120,000; General reserve $24,000; Retained earnings $16,000. At 1 July 2018, one of the liabilities of B Ltd was a dividend payable of $10,000. This was paid on 1 September 2018. One of the assets recorded by B Ltd was goodwill of $5,000. At 1 July 2018, all the identifiable assets and liabilities of B Ltd were recorded at amounts equal to their fair values except for:

Carrying amount and Fair value

Plant (cost $100,000) $80,000; $88,000

Land 60,000; 80,000

Inventories 40,000; 52,000

Prepare the acquisition analysis at 1 July 2018.