On 1 November 2020, Bermuda Ltd acquired all the assets and liabilities (other than cash) of Triangle Ltd. The details on the assets and liabilities of Triangle Ltd were as follows: Carrying Amount Fair Value Cash 50,000 50,000 Equipment 130,000 140,000 Accounts Receivable 15,000 15,000 Furniture 25,000 20,000 Accounts Payable 20,000 20.000 Income Tax Payable 9,000 9,000 Annual Leave Payable 4,000 4,000 In addition to the above items Triangle Ltd had an internally generated brand name with a fair value of $50,000 that was not recognised in its accounts. The consideration Bermuda Ltd paid to Triangle Ltd was $80,000 cash and 20,000 shares. The fair value of each Bermuda Ltd share is $7. Bermuda Ltd paid $20,000 in acquisition related costs. The tax rate is 30%. Required: Conduct an acquisition analysis.