The equity of Alex Ltd consisted of share capital of $97 000 and retained earnings of $ 66,800 on 1 July 2021. All the identifiable assets and liabilities of Alex Ltd were recorded at amounts equal to fair value except for:

	Carrying amount	Fair Value
Plant (cost $90,000)	50 000	59 000
Inventories	27 600	32 000
Brand	$76 000	$86 000

Sam Ltd acquired all the issued shares of Alex Ltd for $ 185,000 on 1 July 2021. The Brand was considered to have an indefinite life. It was estimated that the plant had a further life of 6 years and was depreciated on a straight-line basis. All the inventories were sold by 30 June 2022.

In May 2022, Alex Ltd transferred $ 23,500 from the retained earnings on hand at 1 July 2021 to a general reserve. In June 2022, Alex Ltd conducted an impairment test on the Band and on the goodwill acquired. As a result, the goodwill was considered to be impaired by $600 and brand by $ 6,500.

The tax rate is 30%.

Required

1. Prepare the acquisition analysis at 1 July 2021.

2. Prepare the consolidation worksheet entries for Sam Ltds group at 1 July 2021.

3. Prepare the consolidation worksheet entries for SamLtds group at 30 June 2022.