On 1 July 2022, Avoca Ltd acquired 75% of the issued shares of Fitzroy Ltd for $300,000. The equity of Fitzroy Ltd at this date consisted of: Share capital Retained earnings $180,000 89.000 The following applies to assets and liabilities of Fitzroy Ltd at 1 July 2022: Carrying amount Fair value Inventories 64,000 $ 60,000 Plant & Equipment 100.000 115,000 Fitzroy Ltd has recorded the following results and declared dividends. Profit (loss)after Dividends tax 30 June 2023 $ 25 000 $ 5,000 During the year ended 30 June 2023, Inventory was sold from Avoca Ltd to Fitzroy Ltd for a profit of $12,000. The plant and equipment has a further 3-year life from acquisition on a straight-line basis. The tax rate is 30%. a. Required Prepare the acquisition analysis for Fitzroy Ltd at acquisition date, calculating the Non-Controlling Interest. Avoca Ltd uses the partial goodwill method. [3 marks] b. Prepare the non-controlling interest journal entries at 30 June 2023. Show calculations. (5 marks] C. If the inventory was sold from Fitzroy Ltd to Avoca Ltd for a profit of $12,000, compare the treatment for Non-Controlling Interest transactions to the one provided in the information, give reasons. [2 marks]