On 1 July 2022, XYZ Ltd acquired all the issued shares of XYZ Ltd for a cash consideration of $1 250 000. At that date, the financial statements of XYZ Ltd showed the following information.

Share Capital	800 000
General Reserve	100 000
Retained Earnings	250 000

All the assets and liabilities of XYZ Ltd were recorded at amounts equal to their fair values at the acquisition date, except some equipment recorded at $60 000 below its fair value with a related accumulated depreciation of $80 000. In addition, the Building was recorded $200 000 below its fair value with a related accumulated depreciation of $50 000. The motor vehicle was overvalued by $30 000 with a related accumulated depreciation of $10 000. Also, XYZ Ltd identified at acquisition date a contingent liability related to a lawsuit where XYZ Ltd was sued by a former supplier and attached a fair value of $50 000 to that liability.

Assume the tax rate is 30%

Required

1. Prepare the acquisition analysis at 1 July 2022.
2. Prepare the consolidation worksheet entries for XYZ Ltds group at 1 July 2022, assuming that XYZ Ltd has not revalued the equipment in its own accounts.
3. Prepare the T-Account for BCVR