Moving to another question will save this response. Question 66 of 75 uestion 66 1 points SOTA On 1 July 2020, Harper Ltd acquired all of the assets and liabilities, which constitutes a business, from Jerry Ltd, except for cash and income tax payable. In exchange for the net assets, Harper Ltd agreed to: -issued 100,000 new shares in Harper Ltd to Jerry Ltd. On 1 July 2020, Harper Led's shares were traded on the Australian Securities Exchange at $3.80 per share. -pay Jerry Ltd 580,000 on 1 July 2020 -transfer an item of equipment, which has a carrying amount of $35,000 in Harper Led's financial statements at 1 July 2020, but is considered to have a fair value of $78,000 on the same date. The total consideration transferred from Harper Ltd to Jerry Ltd is: O $196,000 O $500,000 O $495.000 O $538.000