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Q5. Bow ple acquired 75% of the shares in Tie ple on 1 January 20X1 for 80,000 when the balance of the retained earnings of Tie was 40,000. There was no goodwill. On 10 January 20X1 Bow received a dividend of L3,000 from Tie out of the profits for the year ended 31/12/20X0. There were no inter-company transactions, other than the dividend. The summarised statements of comprehensive income for the year ended 31/12/20X1 were as follows: Whether the summarized statement of comprehensive income drawn above is correct? If yes why; If no what correction is required? ( 6 marks)