on 1 july 2011 martin ltd acquired all of the shares of lewis ltd for 353623

Question 1: Consolidations????????????????????On 1 July 2011 Martin Ltd acquired all of the shares of Lewis Ltd for ??$4,946,505????At the 1 July 2011 the statement of financial position of Lewis Ltd was as follows:????????????????????Lewis Ltd?????????Statement of Financial Position?????????as at 1 July 2011?????????????????Current Assets????Current Liabilities?????Cash at Bank??43,200??Accounts Payable??126,000???Accounts Receivable (net)?89,280????????Inventory??187,200?319,680??????????????????Non Current Assets????Equity??????Land???1,920,000??Share Capital??2,740,608????Motor Vehicles??273,000??Reserves??685,152????Plant and Equipment?2,160,000? ?Retained Earnings?1,141,920?4,567,680???Goodwill???21,000?4,374,000??? ? ???????4,693,680????4,693,680??????????????The following information about the value of assets was provided:?????????????????? ?Cost??This document was truncated here because it was created in the Evaluation Mode.