Question 21 Not yet answered Marked out of 4.00 Pi Flag question * Morrison Ltd. acquired all the issued shares (cum. dividend) of Andrews Ltd. on 1 July 2020 for $150 000. At this date the equity of Andrews Ltd. was as follows: Share Capital $54,000 Retained Earnings $36.000 General reserve $18,000 As at 1 July 2020. Andrews Ltd. had a dividend payable liability of 530 000. All the identifiable assets and liabilities of Andrews Ltd. were recorded at amounts equal to their fair values at acquisition date except for Carrying Amount Fair Value $14.000 $ 16,000 Inventory $92.500 594,000 Machinery (cost $100 000) The tax rate 15 3096 Part A Prepare Acquisition analysis as at guly 2020 (4 Marks)