these both photos are question 3

Ethan Ltd acquired all the issued shares (cum div.) of Darren Ltd on 1 July 2018 for $110 000. At this date Darren Ltd recorded a dividend payable of $10 000 and equity of: Share capital Retained earnings Asset revaluation surplus $54 000 36 000 18 000 All the identifiable assets and liabilities of Darren Ltd were recorded at amounts equal to their fair values at acquisition date except for: Inventories Machinery (cost $100 000) Carrying amount 14 000 92 500 Fair value 16 000 94 000 The machinery was considered to have a further 5-year life. Of the inventory, 90% was sold by 30 June 2019. The remainder was sold by 30 June 2020. Both Darren Ltd and Ethan Ltd use the valuation method to measure the land. At 1 July 2018, the balance of Ethan Ltd's asset revaluation surplus was $13 500. In May 2019, Darren Ltd transferred $3 000 from the retained earnings at 1 July 2018 to a general reserve. The tax rate is 30% The following information was provided by the two companies at 30 June 2019. Profit before tax Income tax expense Profit for the year Retained earnings (1/7/18) Ethan Ltd $ 120 000 56 000) 64 000 80 000 144 000 (0) $144 000 Darren Ltd $ 12 500 (4200) 8 300 36 000 44 300 (3 000) $41 300 Transfer to general reserve Retained earnings (30/6/19) Share Capital Retained earnings General reserve Asset revaluation surplus Liabilities $360 000 144 000 10 000 18 500 42 500 $575 000 $54 000 41 300 3 000 20 000 13 000 $131 300 Land Plant & Machinery Accumulated depreciation - plant & machinery Inventories Shares in Darren Ltd $160 000 360 000 (110 000) 55 000 110 000 $575 000 $20 000 125 600 (33 000) 18 700 $131 300 Required A Prepare the acquisition analysis and BCVR entries of Ethan Ltd at 1 July 2018 B. Prepare the consolidation worksheet entries at 30 June 2019. C Complete the consolidation worksheet at 30 June 2019. (Suggested template below). (10 marks) (10 marks) (10 marks) Group Adjustments Dr Cr Consolidation Worksheet at 30 June 2019 Ethan Ltd Ethan Darren Ltd Ltd Profit before tax 120 000 12 500 Income tax expense (56 000) (4200)| Profit 64 000 8300 Retained earnings (1/7/18) 80 000 36 000 Transfer from BCVR 144 000 44 300 Transfer to general reserve (3 000) Retained earnings (30/6/19) 144 000 41 300 Share capital 360 000 54 000 BCVR General reserve 10 000 3 000 514 000 98 300 Asset revaluation surplus (1/7/18) 13 500 18 000 Gains 5 000 2 000 Asset revaluation surplus (30/6/19) 18 500 20 000 532 500 118 300 Liabilities 42 500 13 000 575 000 131 300 Land Plant & machinery Accum. depreciation Inventory Shares in Darren 160 000 360 000 (110 000) 55 000 110 000 575 000 20 000 125 600 (33 000) 18 700 131 300