Solve pls

Bush Ltd acquired all the shares of Beach Lid on 1 July 2018. Due diligence work conducted by Bush Ltd revealed that all the assets and liabilities of Beach Ltd were carried at fair value at the date of acquisition, except for a contingent liability that has been assessed as a possible obligation having a fair value of $100,000. Which of the following consolidation adjusting entries is required as at 30 June 2020? Dr FVA $70,000; Cr Retained earnings $70,000 O No consolidation entries will be required O Dr FVA $70,000; Dr DTA $30,000; Cr Contingent liability $100,000 O Dr FVA $70,000; Dr ITE $30,000; Cr Settlement expense $100,000