Question 2 (25 marks) Part I (16 marks) On 1 March 2022, Alfred Ltd acquired all shares of Boton Ltd by issuing 2 million ordinary shares (market value $3) and paid $560,000 cash immediately to the former shareholders of Boton Ltd and will also pay additional cash of $500,000 two years after acquisition. Alfred Ltd also agreed to assume a liability of $320,000 incurred by Boton Ltd. In the purchase agreement, if Boton Ltd's profits exceed $1,000,000 for each of the three years after the acquisition, an additional payment of $500,000 is to be made to the former shareholders of Boton Ltd. Boton Ltd has historically made the profit between $3,000,000 and $6,000,000. The discount rate used by Alfred Ltd is 8%. Besides, Alfred Ltd paid the following expenses in relation to the acquisition: Legal consultancy fee for acquisition: $90,000 Fee for valuation of net assets of Boton Ltd: $13,000 Broker fee for issuing ordinary shares by Alfred Ltd: $8,000 Required: (a) Compute the amount of total consideration on the acquisition date. (12 marks) (