On 1 July 2022, Sunlight Ltd acquired all the shares of Moonlight Ltd for $ At that date, Moonlight Ltds equity consists of th following: Share capital General reserve 200000 48000 88000 420000 Retained earnings All assets and liabilities of Moonlight were recorded at fair value except for the following: Inventories Plant (cost $60,000) Carrying amount Fair value 18000 26000 43000 51000 It was estmated that the plant had a further useful life of 10 years and was deprecated on a straight-line basis. All the inventories were sold by 30 June 2023. Impairment tests were undertaken at the end of the period, Goodwill were imparied by $ 1,100. Additionally, the following transactions had happened for the year ending 30 June 2023. a. Sunlight provided management services to Moonlight Ltd and collected fee of $16,000. b. Moonlight sold inventory costing $12,000 to Sunlight for $15,000 on 4 January 2023. At 30 June 2023, Sunlight had sold a quarter of these inventories to Matta Ltd for $39,000. c. on 1 January 2023, Sunlight sold a plant to Moonlight for $25,000. This plant cost Sunlight $18,000. On this date, The carrying amount of plant is $13,000. The plant is depreciated at 10% per annum. Company tax rate is 30%. On 30 June 2023, the financial information of Sunlight and Moonlight are as follows: Sunlight Moonlight Revenue Expenses 190000 110000 -80000 -76000 Profit before tax 110000 34000 income tax expense -35000 -2000 Profit for the year 75000 32000 Retained eamings at 1 July 2022 80000 88000 Dividends paid -34000 -15000 Retained eamings at 30 June 2023 121000 105000 Share capital General reserve Asset revaluation surplus 280000 200000 20000 48000 24000 Retained eamigs 121000 105000 Total Equity Provisions Payables Total liabillities Total Equity and liabilities Cash 445000 353000 35000 12000 50000 8000 85000 20000 530000 373000 12000 30000 Accounts receivable 28000 12000 inventories 30000 51000 Plant and equipment 160000 320000 Accumulated depreciation -120000 -40000 Investment in subsidiary 420000 0 Total assets 530000 373000 Required: 1. Prepare Acquisition Analysis 2. Prepare Consolidation adjusting entries required for the consolidation worksheet 3. Complete consolidation worksheet 4. Prepare consolidated income statement and Consolidated Balance Sheet for Sunlight Ltd Group