On 1 July 2022, Kangeroo Ltd acquired all the issued shares of Koala Ltd, paying $60,000 cash and transferring 50,000 of its own shares to Koala Ltds former shareholders. At that date, the financial statements of Koala Ltd showed the following information. Equity portion of Statement of Financial Position as at 1 July 2020: Share capital $50,000 General reserve 50,000 Retained earnings 80,000 All the assets and liabilities of Koala Ltd were recorded at amounts equal to their fair values at the acquisition date. The fair value of Kangeroo Ltds shares at acquisition date was $3 per share. Kangeroo Ltd incurred $17,500 in acquisition-related costs that included $5,000 as share issue costs. Required:

a) Prepare the acquisition analysis at 1 July 2022.

b) Prepare the journal entries for Kangeroo Ltd to recognise the investment in Koala Ltd at 1 July 2022.

c) Prepare the consolidation worksheet entries for Kangeroo Ltds group at 1 July 2022.