On 30 June 2020 Drift Ltd acquired all assets (except for cash) and assumed all liabilities of Flow Ltd. At this date, the carrying amounts of assets and liabilities of Flow Ltd were at fair value and consisted of: Cash $17,000 $25,000 Accounts payable 42,000Bank loan Accounts receivable 35,000 Inventory 50,000 Share capital ($2 shares) 200,000 Land 120,000 Retained earnings 50,000 89,000 Equipment Accumulated depreciation (24,000) In exchange for these net assets, Drift Ltd adfeed to: issue four (4) Drift Ltd shares for every five (5) shares in Flow Ltd. On 30 June 2020 Drift Ltd shares were valued at $2.50 transfer a patent with a fair value of $15,000 (also recognised in the books of Drift Ltd at this fair value) provide sufficient additional cash in order for Flow Ltd to pay the previous shareholders of Flow Ltd 50 cents per share Required: Prepare an acquisition analysis for Drift Ltd's acquisition of Flow Ltd. (10 marks) Note: Use the word.doc template to write your answer, and upload in the drag and