Exercise 25.2 Russell Ltd acquired all the assets and liabilities of Davies Ltd on 1 July 2021. At this date, the assets and liabilities of Davies Ltd consisted of: Carrying amount Fair value $ Current assets 991,100 970,420 Non-current assets 4,248,200 4,475,620 5,239,300 5,446,040 Liabilities 460,600 460,600 $4,778,700 $4,985,440 Share capital - 90,300 shares $2,709,000 Reserves 2,069,700 $4,778,700 In exchange for these net assets, Russell Ltd agreed to: issue 11 Russell Ltd shares for every Davies Ltd share - Russell Ltd shares were considered to have a fair value of $11 per share; costs of share issue were $470 transfer a patent to the former shareholders of Davies Ltd - the patent was carried in the records of Russell Ltd at $315,900 but was considered to have a fair value of $985,700 pay $5.00 per share in cash to each of the former shareholders of Davies Ltd. Russell Ltd incurred $10,710 in costs associated with the acquisition of these net assets. (a) Prepare an acquisition analysis in relation to this acquisition Fair value of Identifiable assets and liabilities acquired $ Consideration transferred