to Questions 6 and 7. On 1 July 2022 Parent paid $250,000 to buy all the shares of Sub. On this date Sub reported the following balances. Share capital $102,000 Retained earnings $94.000 General Reserve $20,000 On the date of acquisition all the assets and liabilities of Sub were at fair value, except for a building and a contingent liability that was not recorded regarding to a lawsuit from a former employee of Sub. The building had cost $270,000 and had been depreciated by $30,000. This asset had a fair value of $300,000 and a remaining useful life of 30 years. The residual value is $0 and Sub had been depreciating this asset using the straight-line method. The asset is still on hand on 30 June 2024. The fair value of the contingent liability is $40,000. There is a high probability that the Sub will lose the lawsuit. On 30 June 2024, this lawsuit was not settled. The income tax rate is 30%, Note: You must show your workings for any calculation you do. Prepare the acquisition analysis on 1 July 2022, Prepare all the relevant journal entries required for the consolidation worksheet on 30 June 2024. Cam Toni Talle