I need to solve this question with required questions and also fill in the chart.

the year to 31 December 2007 (b) Record all the necessary Journal entries in the parent company Record all the necessary worksheet entries required to prepare the consolidated statement of financial position.ACCT 401 - Assignment - Deadline is Monday 27 June 2015 Submit hard copy in the class of Monday 27 June Below are the Balance Sheets of Alpha, Beta and Gamma December 2007 Plant Assets 450 80 50 Investment in: Inventory A/R 180 95 30 Ltd for the year to 31 Alpha Beta Gamma Beta 300 - - Gamma 153 197 110 50 63 40 Cash 50 Total Assets 1330 348 170 A/P 200 40 14 Share capital 700 200 100 108 56 Retained earnings 430 Total liabilities and equity 1330 348 170 Notes: ii) iii) iv) V) v) Alpha bought 75% of the share capital of Beta on l/1/2006 When Beta's retained earnings were 60 Alpha bought 80% of the share capital of Gamma on 1/1/2007 When Gamma's retained earnings were 32. The inventory of Alpha includes inventory bought from Beta for 50. Beta sold this inventory at cost plus a 25% mark-up. All the inventory remains unsold by Alpha. In 1/ 1/2007, Alpha sold a plant asset to Beta for 80. It had originally purchased it in 2001 for 100. It used straight-line depreciation based on a life of ten years (including full year depreciation in year of purchase). Beta depreciates this asset over its remaining life using straight line method. The A/R of Alpha includes 10 due for Beta. Beta paid back this amount on 22 December 2007, but Alpha has not entered this into its accounts yet. The goodwill on (he ccf Gamma has been impaired by an estimated 50% in am