Soda Ltd is looking to expand its share of the market in soft drink and has negotiated to acquire the operations of Tonic Ltd on 1 July 2021. At 1 July 2021 the Statement of Financial Position for Tonic Ltd was as follows: Cash 20,400 Accounts receivable 42,600 Inventory 60,000 124,000 Land and buildings (net) Plant and equipment (net) 210,000 Total assets 457,000 Accounts payable 80,000 Mortgage loan 60,000 Share capital ($2 ordinary shares fully paid) 300,000 Retained earnings 17,000 Total liabilities & equity 457,000 Soda Ltd is to acquire all assets (except cash) and assume accounts payable of Tonic Ltd. Tonic Ltd will go into liquidation after it pays off all of its remaining debt. Tonic Ltd had outstanding amounts owing to employees of $35,000 and liquidation costs of $2,500. The net assets of Tonic Ltd are recorded at fair value except for the following: Fair Value Inventory $52,000 Land and Buildings $150,000 In exchange, the shareholders of Tonic Ltd are to receive, for every three Tonic Ltd shares held, one Soda Ltd share worth $6 each. Additionally, Soda Ltd will transfer to Tonic Ltd a vehicle which has a fair value $30,000 (recorded at $40,000 in Soda Ltd accounts). Soda Ltd will also give Tonic Ltd sufficient additional cash to enable Tonic Ltd to pay all its outstanding debt and liquidation costs. Required: a) Prepare an acquisition analysis for the business combination. (13 marks) b) Discuss how any goodwill recognised by Tonic Ltd from the business combination, should be subsequently measured. Your answer must be based on the rules contained in AASB138 Intangibles and AASB136 Impairment of Assets. (7 marks)