al shareholders' equity: $$125,000$

Additional Information

A$)$ On the date of acquisition, buildings have a carrying value in the accounts of C Ltd$.$ of $$40,000$ and a market value of $$80,000.$ The buildings have an estimated useful life of $10$ years after $1$ July $2016.$

B$)$ For the year ending $30$ June $2017,$ C Ltd records an after$-$tax profit of $$15,000,$ from which it pays a dividend of $$5,000.$

C$)$ For the year ending $30$ June $2018,$ C Ltd records an after$-$tax profit of $$50,000,$ from which it pays a dividend of $$20,000.$

D$)$ The tax rate is $30\%.$

Required:

Determine goodwill of the acquisition and applying the equity method of accounting as well as journal entries for the year ended $30$ June $2017$ and $30$ June $2018.$