Required [a] Prepare the acquisition analysis in relation to the above acquisition by Zaba Ltd. [b] Prepare the journal entries in the records of Zaba Ltd at the date of acquisition [c] Prepare the journal entry for the payment of the deferred consideration in one year's time. Case 2: Consolidation worksheet, previously held investment in subsidiary {5%} On 1 August 2018 , ITP Syd Ltd acquired 10% of the shares in Peters Ltd for $8000 . ITP Syd Ltd used the fair value method to measure this investment with movements in fair value being recognised in profit or loss. At 1 July 2017,the fair value of this investment was $15 400. The original investment in Peters Ltd was due to the fact that Peters Ltd was undertaking research into particular microbiological elements that could influence the profitability of ITP Syd Ltd. With the continuing success of this research, ITP Syd Ltd decided to acquire the remaining shares {cum div.) in Peters Ltd. [in 1 July 2017', ITP Syd Ltd made an offer to buy the remaining shares in Peters Ltd for $151 000 cash. This offer was accepted by the shareholders of Peters Ltd. On 1 July 201?, immediately after the business combination, the statement offinancial position of Peters Ltd was as follows: ITP Syd Ltd Peters Ltd Share capital 130,000 90,000 General reserve 56,500 12,000 Retained earnings 93,500 36,000 Total equity 280,000 138,000 Dividend payable 25,000 12,600 Other liabilities 75,000 25,000 Total liabilities 100,000 3?,500 Total equity and liabilities 330,000 125,600 Cash 11,000 20,500 Receivables 25,200 20,000 Other assets 10,000 3,000 Shares in Peters Ltd 153,300 Inventories 55,000 42,000 Plan and equipment 210,000 102,000 Accumulated depreciation 85,000 22,000 Total assets 330,000 125,600 [in analysing the financial statements of Peters Ltd, ITP Syd Ltd determined that all the assets and liabilities recorded by Peters Ltd were shown at amounts equal to their fair values except for