xercise 27.1 Acquisition analysis, acquisition date entries all the issued shares of Adeline Ltd, paying $120 000 On 1 July 2019, Christina Ltd acquired cash and transferring 100 000 of its own shares to Adeline Ltd's former shareholders. At that date, the financial statements of Adeline Ltd showed the following information. Share capital General reserve Retained earnings $10000O 50000 150 000 All the assets and liabi values at the acquisition date. The fair value of Christina Ltd's shares at acquisition date was $2 per share. Christina Ltd incurred $30 000 in acquisition-related costs that included 500 0as share issue costs. lities of Adeline Ltd were recorded at amounts equal to their fair Required 1 2. Prepare the acquisition analysis at 1 July 2019. Prepare the journal entries for Christina Ltd to recognise the investment in Adeline Ltd at 1 July 2019. Prepare the consolidation worksheet entries for Christina Ltd's grou 3. p at 1 July 2019