On 1 July 2020, Dark Led acquired all the issued shares of Sam Ltd for $2,380,000. At that date, the equity of Sam Ltd was recorded at: Share Capital: $840,000 Retained earnings: $700,000 Reserves : $392,000 All the assets and liabilities of Sam Ltd were recorded at amounts equal to their fair values at the acquisition date, except ; Carrying Amount Fair Value Land 154,000 196,000 Inventory 81,200 126,000 Equipment(cost:$336,000) 308,000 364,000 Required: 1. Prepare the acquisition analysis on 1 July 2020. (1.5 marks) 2. Prepare the consolidation worksheet entries for Dark Ltd's group on 1 July 2020. (8.5 marks)