[25 Marks) Question 18: Group Structures Suggested Time: You should spend about 35 minutes on this section Part A [10 marks] On 1 January 2023, Suva Ltd acquired all the issued shares (cum div.) of Lautoka Ltd for $263000. At that date the equity of Lautoka Ltd was recorded as: Share capital Reserves Retained earnings $ 150 000 40 000 60 000 On 1 January 2023, the records of Lautoka Ltd also showed that the company had recorded the asset goodwill at cost of $5000. Further, Lautoka Ltd had a dividend payable liability of $10000, the dividend to be paid in March 2023. All other assets and liabilities were carried at amounts equal to their fair values. Required: Prepare the consolidation worksheet entries on 1 January 2023, immediately after combination