On 1 July 2022, Jersey Ltd acquired all the issued shares of Ezra Ltd for $480 000. At that date, the financial statements of Ezra Ltd showed the following information.

Share capital $ 200000

General reserve 100000

Retained earnings 140000

All the assets and liabilities of Jersey Ltd were recorded at amounts equal to their fair values at the acquisition date except for land whose carrying amount is 100,000 and the Fair value is 110,000

Required

1. Prepare the acquisition analysis at 1 July 2022.

2. Prepare the consolidation worksheet entries for Jersey Ltds group at 1 July 2022.