Remaining Time: 2 hours, 08 minutes, 53 seconds. Question Completion Status: QUESTION 2 30 points Save Answer On 1 July 2021, Tilly Ltd acquired all the issued shares (cum div.) of Burrow Ltd for $540,000. At this date, all assets and liabilities were carried at amounts equal to their fair value except for inventory. Burrow Ltd had recorded inventory at $15,000 however, the fair value was estimated to be $18,000. 80% of this inventory was sold by 30 June 2022. An extract of Burrow Ltd's financial statements are as follows: Burrow Ltd Balance sheet (extract) as at 1 July 2021 Dividend Payable (paid August 2022) Inventory Goodwill Share capital Retained earnings Click Save and Submit to save and submit. Click Save All Answers to save all answers. $40,000 $15,000 $6,000 $200,000 $250,000 Save All Answers Save and Submit W DIACADOard Remaining Time: 2 hours, 08 minutes, 46 seconds. Question Completion Status: Required: Inventory Goodwill Share capital Retained earnings a) Prepare an acquisition analysis as at 1 July 2021 (8 marks) b) Prepare the consolidation worksheet entries at 30 June 2022 (16 marks) $15,000 $6,000 $200,000 $250,000 c) Prepare an extract of the consolidated statement of Financial position for Tilly Ltd's group as at 30 June 2022, to report the consolidated assets for the group based on the information provided above (6 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Open Sans,sa... 10pt 52 = = = = X2 X2 - B B (0) Click Save and Submit to save and submit. Click Save All Answers to save all answers. A Ix 26 19 EB Save All Answers Save and Submit W