Part B:Provide all calculations and related journal entries for the following case Alma Ladagamind all the issue shares (ex. div.) of Davis Ltd on 1 July 2018 for $1723020. At this date Davis Lid recorded a dividend pa s quity of the following Share capital 160 1000 General reserve 258000 Asset revaluation surpluss 207000 All the identifiable assets and liabilities of Davis Lid were recorded at amounts equal to their fair values at acquisition date except for the following Carrying Further life- Account Cost Fair value Amount in Year 5258000 $464,000 5517,000 $931,000 $603,000 $1,055,000 for the inventories, 91% was sold by 30 June 2019. The remainder was sold by 30 June 2020. in May 2019, Davis Lid transferred S103500 from the Asset revaluation surpluss at 1 July 2018 to a General reserve Tax rate: 30% Required 1. Prepare the acquisition analysis at 1 July 2018. 2. Prepare the consolidation worksheet entries for Alma Ltd's group at 30 June 2019. including supporting calculations