Pi.\" till-klI IIJ'U d'l-xJi-I-JU i i Diner iniormati on Blake Ltd acquired tts SD percent interest in Seven Ltd on 1 July SUBS. At that date the capital and reserves of Seven Ltd were: Share capital $t?2, Retained eamings $145.2 $31 SEED At the date of acquisition all assets were considered to be tainv valued. The management of Elialte Ltd use the partial goodwill method. During the vear Blake Ltd made total sales to Seven Ltd of ESE-BUD, while Seven Ltd sold $44321] in iUEtw It) Eliaite Ltd. The opening inventorv in Blake Ltd as at 1 July Et included inventorv acquired from Seven Ltd for $35,120 that cost Seven Ltd $343,1{2Id to produce. The closing inventorv in Slalte Ltd includes inventory.r acquired from Seven Ltd at a costot $28,398. Tl'liS GUS! Seven L1G $24,433:] It] produce