Practice Question 10.2 On 1 July 2019, Jackson Ltd acquired all the issued shares (cum div.) of Laurie Ltd for $240 000. At that date the financial statements of Laurie Ltd showed the following information: Share capital General reserve Retained earnings Dividend payable $ 100 000 50 000 70 000 20000 All the assets and liabilities of Jackson Ltd were recorded at amounts equal to their fair values at that date. The dividend payable reported at 1 July 2019 by Laurie Ltd was paid on 15 August 2019. Laurie Ltd paid a $25 000 dividend on 2 February 2020. Required Prepare the acquisition analysis at 1 July 2019