SECTION B-PROBI.EMS Note: ALL 2 problems are compulsory and MUST be antempted. Total 50 marks. ANSWTRES WITHOUT CAL.CULATIONS ARE NOT ACCEPTIED. Time Allocated to Section B is.50 minutes. Problem 1 ( 30 points) Pynx Co owns part of the shares of Synus Co since the incorporation of Syous Ca. During the year to 31 December 2012. Synus Co sold goods costing $12,000 to Pynx Co at a price of $29,000 and these goods were still unvold by Pynx Co at the end of the year. At the end of the year Synus Co had invoiced Pynx Co for goods to the value of Prepare the consolidated statement of financial position of Pynx Co at 31 December 2012. Pynx values NCl at its ncyuncu. Problem 2 (20 points) Puppy Co acquired 70% of the $100,000 equity of Suppy CO on 1 Suly 2014. The statementi of proft or inis al the two companies for the year ended 31 December zmia ara wa rrepare tne consollated statement of profit or loss and the retained earnings and non-controlling interest extracts from the statement of changes in equity. SECTION B-PROBI.EMS Note: ALL 2 problems are compulsory and MUST be antempted. Total 50 marks. ANSWTRES WITHOUT CAL.CULATIONS ARE NOT ACCEPTIED. Time Allocated to Section B is.50 minutes. Problem 1 ( 30 points) Pynx Co owns part of the shares of Synus Co since the incorporation of Syous Ca. During the year to 31 December 2012. Synus Co sold goods costing $12,000 to Pynx Co at a price of $29,000 and these goods were still unvold by Pynx Co at the end of the year. At the end of the year Synus Co had invoiced Pynx Co for goods to the value of Prepare the consolidated statement of financial position of Pynx Co at 31 December 2012. Pynx values NCl at its ncyuncu. Problem 2 (20 points) Puppy Co acquired 70% of the $100,000 equity of Suppy CO on 1 Suly 2014. The statementi of proft or inis al the two companies for the year ended 31 December zmia ara wa rrepare tne consollated statement of profit or loss and the retained earnings and non-controlling interest extracts from the statement of changes in equity