On December 1^st, 2009, Parent Ltd. acquired 20% of the shares of Subsidiary Ltd. for CU 10,000. These were classified as financial investment by Parent Ltd., with changes in gain value being recognized in other comprehensive income. On June 30^th 2013, these shares were recorded at fair value of CU 20,400. Parent Ltd. acquired the remaining 80% of the share capital of Subsidiary Ltd for CU 81,600 on July 1^st, 2013 when the equity of Subsidiary Ltd consisted of:

Share capital (50,000 shares)	CU 50,000
Retained earnings	CU 30,000

All identifiable assets and liabilities of Subsidiary Ltd. were recorded at amounts equal to fair value, except as follows:

In CU	Carrying amount	Fair value
Inventory	20,000	25,000
Plant (Historical cost 80,000)	60,000	70,000

Additional information:

1. The plant is expected to have a further useful life of five years.
2. All the inventory on hand at July 1^st, 2013 was sold by December 31^st, 2013.
3. Share capital at the end of June 2015 equals CU 50,000.
4. During the year Subsidiary Ltd. paid dividends of 10,000.
5. During the year Parent Ltd. paid dividends of 20,000 to its shareholders.
6. Tax rate is 30%.

Required

Prepare the acquisition analysis at July 1^st 2013 and the consolidation worksheet entries (see page 7) for the preparation of consolidated financial statements for Parent Ltd. and its subsidiary, Subsidiary Ltd., as of June 30^th, 2015.

No.	Debit	Amount	Credit	Amount	pts