On 1 July 2020, Thomas Ltd acquired a parcel of assets and liabilities comprising a business directly from Edison Ltd. The assets and liabilities at 1 July 2020 were as follows: Carrying amount ($) Fair value ($) Inventory 77 000 96 500 Equipment 135 000 210 000 Accounts payable 2 000 2 000 For this acquisition, Thomas Ltd issued 70,000 shares, the fair value of which at the acquisition date was $3.80 each. Additional information: Edison Ltd had not recorded an internally developed patent. Thomas Ltd estimated the fair value of this patent to be $18,000. Required: Prepare the journal entry in the records of Thomas Ltd to account for the above acquisition. (3 marks) Reminder: Please label Dr and Cr sides clearly (otherwise no marks). No marks will be awarded for workings/calculations. Narration is not required for the entry. Please do not create unnecessary space in your answer, as there is a 20-line limit in the answer space