On 31 December 20X1, A Ltd acquired 80% of the issued share capital of B Ltd when the retained profit of B Ltd was $1.1 million. The following are the summarized statements of financial position as at 31 December 202 : The following information is available: (i) At the acquisition date, both A Ltd and B Ltd agreed that the fair values of B Ltd's unrecorded patents should be $100,000. (ii) Because of the acquisition, B Ltd has early terminated a supplier contract and is liable to pay a compensation of $70,000. B Ltd has not provided for this amount in its books on 31 December 202. (iii) The fair value of the NCl at B Ltd was $510,000 at the acquisition date. Required: (a) Prepare the consolidation journal entries for A Ltd (assume no impairment loss of the patent during 20.2). (b) Prepare the consolidated statement of financial position for A Ltd as at 31 December 202 assuming that NCl is measured at fair values