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please show workings Pink acquired 80% of the share capital of Blue...

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Accounting

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imageplease show workings
Pink acquired 80% of the share capital of Blue on 1 April 2019. The retained earings of Blue on 30 Sept 2018 were 135,000. No dividends paid by Blue in the year to 30 Sept 2019. The fair value of the 20% non-controlling interest at acquisition was 200,000. At acquisition the fair value of Blue's plant exceeded its carrying amount by 200,000. Plants are depreciated at 20% rate (straight line method) Goodwill should be written down by 20,000 of its original value to allow for impairment. Below are the statements of financial position of as at 30 Sept 2019. Pink Blue Assets '000 E000 Non-current assets Property, plant and equipment 2300 400 Investment in Blue at cost 1000 3300 400 Current assets 300 200 Inventory 300 200 Receivables 300 100 Cash 900 500 4200 900 Total assets Equity Share capital 1000 475 Retained earnings 2750 275 3750 750 Liabilities Current liabilities 450 150 Total equity and liabilities 4200 900 Prepare the consolidated statement of financial position of Pink Group as at 30 September 2019, assuming ! uses the fair value method to account for non-controlling interest. Include all relevant workings. Your

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