See the image and answer the following

Acquisition of net assets of Syd Ltd: FV of a Mel Ltd shares is $2.00:

Acquisition analysis:

Journal entries:

c. Acquisition of shares in Syd Ltd:

Consideration transferred:

Journal entries in Mel Ltd:

Question 4-Business Combination-calculations and analytical Accounting by acquirer On 1July 2021, Mel Ltd took control of the assets and liabilities of Syd Ltd. At this date the statement of financial position of lyd Ltd was as follows: Required Prepare the journal entries in the records of Mel Ltd at 1 July 2021 in each of the following situations, assuming the costs of issuing the shares by Mel Ltd cost $1600. (a) Mel Ltd issued 80000 shares having a fair value of $2.40 per share in exchangefor the net assets of Syd Ltd (b) Mel Ltd issued 80000 shares having a fair value of $2.00 per share in exchangefor the net assets of Syd Ltd. (c) Mel Ltd acquired the shares of Syd Ltd. Theagreement was that Mel Ltd would paythe shareholders of Syd Ltd one share in Mel Ltd for every two shares held in SydLtd plus $1 in cash for each share held in Syd Ltd. Shares in Mel Ltd have a fair value of $1.80 per share