On $30$ June $2020,$ Apple Ltd acquired all of the assets and liabilities of Pie Ltd$.$ In exchange for these assets and liabilities, Apple Ltd issued $200000$ shares that at date of issue had a fair value of $$5\mathrm{.}00$ per share. Costs of issuing these shares amounted to $$5000.$ Legal costs associated with the acquisition amounted to $$2000.$

The asset and liabilities of Pie Ltd at the acquisition date were as follows:

Carrying amount Fair value

Assets

Cash $$2000$ $$2000$

Accounts receivable $1000010000$

Inventory $6400068000$

Equipment $320000232000$

Accumulated depreciation $$ equipment $(96000)$

Patents $240000280000$

Liabilities

Accounts payable $(16000)(16000)$

Debentures $(64000)(64000)$

Required

A$.$ Prepare the acquisition analysis at $30$ June $2020$ for the acquisition of Pie Ltd by Apple Ltd$.$

B$.$ Prepare the journal entries to record this acquisition