Question 5 Not answered Marked out of 1.00 Flag question CatgrooveLtd purchased 100\\% of the shares in Swing Box Ltd on 1 July 2020, for a cash consideration of \\( \\$ 600,000 \\). On that date, the equity balances of Swing Box Ltd were: Share Capital \\( \\$ 350,000 \\) Retained Earnings \\$150,000 All of the identifiable net assets were recorded at their fair value in the books of Swing Box Ltd, except for: Provision for legal claims (contingent liability) Estimated claim recorded in the note \\( \\$ 10,000 ; \\) Fair value \\( \\$ 20,000 \\) During the financial year ending 30 June 2024, the provision for loan guarantee was settled with a cash payment of \\( \\$ 15,000 \\). Assuming no other transfers have taken place from Business Combination Valuation Reserve since 1 July 2020 and that the tax rate is \30, the preacquisition entry on 30 June 2025 would include a