$11$ On$.1$ July $2022$ Jay Ltd acquired $80\backslash \%$ of the share capital of Kay Ltd for $\backslash$$ $192200.$ The accounts of Kay Ltd at that date showed:

Share capital

Retained earnings

$26000$

The financial statements of both companies at $30$ June $2023$ are presented below.

Additional information:

$($i$)$ On $15$ January $2023$ Kay Ltd paid an interim dividend

$($ii$)$ Jay Ltd does not accrue dividends receivable from Kay Ltd$.$

Required:

$($a$)$ Find goodwill$/$ gain on bargain purchase.

$($b$)$ Prepare the consolidation journal entries

$($c$)$ Calculate non$-$controlling interest.

$(8$ Marks$)$