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Remaining Time: 1 hour, 13 minutes, 26 seconds. Question Completion Status: QUESTION 2 24 points Save Answer (Failed On 1 July 2020, Rabbit Ltd acquired all the issued shares (cum div.) of Peter Lid for $450,000. At this date, all assets and liabilities were carried at amounts equal to their fair value except for inventory. Peter Ltd had recorded inventory at $5,000 however, the fair value was estimated to be $8,000. 70% of this inventory was sold by 30 June 2021. An extract of Peter Ltd's financial statements are as follows: Peter Ltd Balance sheet (extract) as at 1 July 2020 Dividend Receivable $20,000 Inventory $5,000 Plant and equipment $60.900 Accumulated Depreciation $10.000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save AllAnswers Close Window Save and SubmitBlackboard X Remaining Time: 1 hour, 13 minutes, 12 seconds. Question Completion Status: Plant and equipment $60,000 Accumulated Depreciation $ 10,000 Goodwill $6,000 Dividend Payable(to be paid August 2020) $50,000 Share capital $300,000 Retained earnings $ 150.090 Required: a) Prepare an acquisition analysis as at 1 July 2020 (8 marks) b) Prepare the consolidation worksheet entries at 30 June 2021 (16 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BTUS Paragraph Arial 10pt V A V V T. . .. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Subm