On 1 July 2022 the equity of PQR Ltd consisted of share capital of $85 000 and retained earnings of $62 800. All the identifiable assets and liabilities of PQR Ltd were recorded at amounts equal to fair value except for:

	Carrying amount	Fair Value
Brand	$70 000	$82 000
Plant (cost $90,000)	50 000	58 000
Inventories	23 600	30 000

ABC Ltd acquired all the issued shares of PQR Ltd for $185 000 on 1 July 2022. The Brand was considered to have an indefinite life. It was estimated that the plant had a further life of 8 years, and was depreciated on a straight-line basis. All the inventories were sold by 30 June 2023.

In May 2023, PQR Ltd transferred $25 000 from the retained earnings on hand at 1 July 2022 to a general reserve. In June 2023, PQR Ltd conducted an impairment test on the Band and on the goodwill acquired. As a result, the goodwill was considered to be impaired by $5 000 and brand by $7 000.

The tax rate is 30%.

Required

1. Prepare the acquisition analysis at 1 July 2022.

2. Prepare the consolidation worksheet entries for ABC Ltds group at 1 July 2022.

3. Prepare the consolidation worksheet entries for ABC Ltds group at 30 June 2023.