On 1 July 2019, Small Ltd acquired all of the assets and liabilities of Tall Ltd. In exchange for these assets and liabilities, Small Ltd issued 290 000 shares that at date of issue had a fair value of $2.00 per share. Costs of issuing these shares amounted to $2 500 and management costs associated amounted to $2 400. The asset and liabilities of Tall Ltd at 1 July 2019 were as follows: Carrying amount Fair value Assets Cash at Bank $70,000 $70,000 Bills Receivable $33,000 $50,000 Inventory $66,000 $85,000 Plant $350,000 245,000 Accumulated depreciation - plant ($96,000) Patent $220,000 $340,000 Liabilities Accounts Payable (99,000) ($ 100 000) Mortgage ($110,000) ($120,000) Required A. Prepare the acquisition analysis of Small Ltd at 1 July 2019. (4 marks) B. Prepare the journal entries of the acquisition in the records of Small Ltd at 1 July 2019. (1 mark)