On 1 July 2021 Buzz Ltd acquired the shares of Debra Ltd for $29100. On the date of acquisition, the balance sheets of Buzz Ltd and Debra Ltd showed the following respectively: Buzz Ltd Balance Sheet as at 1 July 2021 Share capital $60000 Retained earnings $9100 Cash at bank Equipment Investment in Debra Ltd $10000 $30000 $29100 Debra Ltd Balance Sheet as at 1 July 2021 Share capital $30000 Retained earnings (Losses) (85000) Cash at bank Inventories (fair value is $6000) Patent (fair value is $17000) $5000 $2000 $18000 The Company tax rate is 30%. Required: 1. Complete the acquisition analysis as at the date of acquisition (8 marks) 2. Prepare the adjusting journal entries for the consolidation worksheet at 1 July 2021. Narrations are required. (17 marks) 3. Complete the consolidation worksheet as at 1 July 2021on the next page. (15 marks) 1. Answer table for your Acquisition analysis at 1 July 2021: Expand the table as needed to contain your answer. 2. Journal to record Adjusting journal entries: Date Account Dr Cr 3. Consolidation work sheet for your answer to part 3 of question 1 Buzz Ltd Debra Ltd Adjustments Dr Cr Group Account