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 Retained earnings $400.000 120.000 The carrying amounts and fair values of the assets and liabilities recorded by Bourke Ltd af 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)after Dividends tax $ 0 30 June 2023 30 June 2024 $ 15000 20.000 10.000 Pitt Ltd uses the partial goodwill method. The tax rate is 30%. a. Required Prepare the acquisition analysis for Bourke Ltd at acquisition date, calculating the Non-Controlling Interest. [3 marks] b. Prepare the journal entries to recognise non-controlling interest in profit and post- acquisition equity a year after acquisition at 30 June 2023. [4 marks] 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