On 30 June 2019 Mango Ltd acquired all of the assets of Blueberry Ltd, except for cash, and assumed the mortgage loan. -Blueberry Ltd balance sheet at the date of acquisition showed the following: Assets Cash $10 000 Accounts Receivable 36 000 Inventory 22 000 Building 195 000 Accumulated depreciation - building (35 000) Goodwill 25 000 $253 000 Liabilities & Equity Accounts payable $21 000 Mortgage loan 35 000 10% Debentures 20 000 Share Capital: Ordinary shares, $1.50 fully paid 150 000 Retained earnings 27 000 $253 000 -Blueberry Ltd is had been working on a research and development project that had not been recorded by the company as an asset as it had not yet met recognition criteria in AASB138. REQUIRED: Identify the items (not the figures/values) that will be included in the net assets acquired by Mango Ltd A fair value of $75 000 was calculated for the research & development project (work-in-process) The assets and liabilities of Blueberry Ltd are recorded at their fair values except for the following: Fair Value Inventory $ 25 000 Building $250 000 On acquisition date Mango Ltd incurs the following costs: - $2,500 to transport and install Blueberry's Ltd's assets at Mango Ltd's premises $1 500 to issue Blueberry Ltd shares In exchange Mango Ltd will transfer the following: Two ordinary shares in Mango Ltd for every five ordinary shares held in Blueberry Ltd. The fair value of each Mango Ltd ordinary share is $5.00. A block of land held in the records of Mango Ltd, at a fair value of $160,000 (adjusted already by Mango Ltd on 30 June 2019). Sufficient additional cash to enable Blueberry Ltd to pay the remaining liabilities including liquidation costs of $18,000. The outstanding debentures are to be redeemed at a 10% premium. . Required: Prepare an acquisition analysis AND the necessary journal entries required by Mango Ltd on acquisition date