Question 4 - 20 marks (Answer both a. and b.) On 1 July 2019, Plum Ltd acquired 80% of the issued shares of Strawberry Ltd for $1,400,000. At this date, the equity of Strawberry Ltd consisted of share capital of $500,000 and retained earnings of $20,000. All the identifiable assets and liabilities of Strawberry Ltd were recorded at amounts equal to fair value except for the following. + Machine (cost $75,000) Plant (cost $500,000) Inventories Carrying Amount Fair value 45,000 52,000 240,000 320,000 100,000 160,000 Canberra Ltd also had an internally generated patent not recognised at 1 July 2019. Plum Ltd assessed the fair value of that patent at $120,000. The tax rate is 30%. Required a. Prepare the acquisition analysis at 1 July 2019 assuming that Plum Ltd used the full goodwill method and the fair value of the non-controlling interest at 1 July 2019 was $330,000. (15 marks) b. Calculate the Control premium for the parent. (5 marks)