On 1 July 2022, Pitt Ltd acquired 80% of the issued shares of Bourke Ltd for $500 000. The equity of Bourke Ltd at this date consisted of: Share capital $400 000 Retained earnings 120 000 The carrying amounts and fair values of the assets and liabilities recorded by Bourke Ltd at 1 July 2022 were as follows. Carrying amount Fair value Inventories $ 80 000 $ 84 000 Plant & Equipment 100 000 130 000 All of the inventories on hand at 1 July 2022 were still on hand at 30 June 2023 and sold in full by 30 June 2024. The fittings and machinery have a further 5-year life beyond 1 July 2022, with benefits to be received evenly over this period. In the 2 years since acquisition, Bourke Ltd has recorded the following annual results and declared dividends. Profit (loss)aftertax Dividends 30 June 2023 $ 15 000 $ 0 30 June 2024 20 000 10 000 Pitt Ltd uses the partial goodwill method. The tax rate is 30%. Required a. Prepare the acquisition analysis for Bourke Ltd at acquisition date, calculating the Non-Controlling Interest. b. Prepare the journal entries to recognise non-controlling interest in profit and post-acquisition equity a year after acquisition at 30 June 2023. c. Explain how the journal entries at 30 June 2024 would differ to those prepared at 30 June 2023 in part 3b. for non-controlling interest in profit and post-acquisition equity.