On 1 July 2022, Ricky Ltd acquired all the issued shares of Boris Ltd for $384,500. At this date the equity of Boris Ltd consisted of share capital of $176,000 and retained earnings of $151,400. All the identifiable assets and liabilities of Boris Ltd were recorded at amounts equal to fair value except for: The patent was considered to have an indefinite life. It was calculated that the plant had a further lffe of 10 years and was depreciated on a straight-line basis. Required: Prepare the consolidation worksheet adjustments entries to reflect the acquisition at 1 July 2022 . Show your workings