Richmond Ltd acquired all the share capital of Bulleen Ltd on 1 July 2023 for a cost of $1,710,000. At the date of acquisition, all assets of Bulleen Ltd were recorded at fair value, except for land, which had a carrying amount $100,000 less than its fair value. The recorded balances of equity in Bulleen Ltd as at 1 July 2023 were: Share capital Retained earnings $1,260,000 $ 180,000 $1,440,000 For the year ended 30 June 2025, the following additional information is available: Bulleen Ltd had a profit after tax of $678,000 for the year ended 30 June 2025. The opening inventory in Richmond Ltd as at 1 July 2024 included inventory acquired from Bulleen Ltd for $120,000. This inventory had cost Bulleen Ltd $100,000 to produce. On 1 July 2024, Bulleen Ltd sold an item of plant to Richmond Ltd for $240,000 with a carrying amount of $180,000 (the original cost was Bulleen Ltd had a profit 2025. 78,000 for the year ended 30 June The opening inventory in Richmond Ltd as at 1 July 2024 included inventory acquired from Bulleen Ltd for $120,000. This inventory had cost Bulleen Ltd $100,000 to produce. On 1 July 2024, Bulleen Ltd