On 1 July 2020, Sugar Led acquired 85% of the shares of Glider Ltd for $855,600. At this date, the equity of Glider Ltd consisted of; Share Capital: $434,000 Retained earnings: $155,000 General reserve: $124,000 all the identifiable assets and liabilities of Glider Ltd were recorded at amounts equal to fair value except for ; Carrying Amount Fair Value Patent 68,200 86,800 Inventory 49,600 74,400 The tax rate is 30%. partial goodwill method is in use. Required: 1. Acquisition analysis at 1 July 2020 (1.5 Marks) 2. Business combination valuation entries at 1 July 2020 (3 Marks) 3. Pre-acquisition entries at 1 July 2020 (3 Marks) 4. NCI share of equity at acquisition date 1 July 2020 (2.5 Marks)