Question 3 (15 marks) On 1 October 2022, Flint Corporation acquired all the issued shares of Mark Pty Ltd, paying $250 000 cash. At that date, the financial statements of Mark Ltd showed the following information. Share Capital Retained earnings $200 000 $100 000 All the assets and liabilities of Mark Pty Ltd were recorded at amounts equal to their fair values at the acquisition date, except some inventories recorded at $15 000 below their fair value. Also, Flint Corporation identified at acquisition date a patent with a fair value of $55 000 that Mark Pte Ltd has not recorded in its own accounts. Also, Flint Corporation identified at acquisition date a contingent liability related to a lawsuit where Mark Ltd was sued by a former supplier and attached a fair value of $60 000 to that liability. Required a) Prepare the acquisition analysis at 1 October 2022. (3 marks) b) Prepare the consolidation worksheet journal entries for Flint Corporation group at 1 July 2022. (6 marks) c) Discuss how the answers for 1 and 2 (i.e., acquisition analysis, consolidation worksheet), above, would change if Flint Corporation paid only $300 000 cash for the shares in Mark Pte Ltd. (6 marks)