Question 3 (25%) Train Ltd acquired 60% of Engine Ltd for a cost of $345,600, when the equity of Engine Ltd consisted of Share Capital $80,000 General Reserve $4,000 Retained Earnings $4,000 All the identifiable assets and liabilities of Engine Ltd were recorded at fair value except for the following Carrying Amount Fair Value Equipment (cost $500,000) $360,000 $400.000 Inventory $80,000 $100,000 Required: Prepare the journal entries for the pre-acquisition stage (ie. Stage 1) of recording the Non- Controlling Interest (NCI) using the partial goodwill method (Answer and show workings here] DO WWW re