This is all the information they provided us with.

QUESTION 2 (55 marks) You are presented with the following trial balances for Whale Limited and Shark Additional information: - Whale Limited purchased 80% of the shares in Shark Limited on 1 July 2021. - At the acquisition date, Whale Limited considered the carrying amount of the identifiable net assets of Shark Limited to be equal to their acquisition fair values. - On 1 July 2021, Shark Limited's trial balance showed a profit before tax of R122 450 and an income tax expense of R31 740 . - Whale Limited measured the non-controlling interest at its at acquisition date fair value of R180000 - Whale Limited measures its investment in Shark Limited at cost price. REQUIRED: 2.1) Provide the pro forma journal entries necessary to prepare the Consolidated Financial Statements of the Whale Limited group for the financial year ended 31 December 2021. (22 marks) 2.2) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the Whale Limited Group for the financial year ended 31 December 2021. (11 marks) 2.3) Prepare the Consolidated Statement of Changes in Equity of the Whale Limited Group for the financial year ended 31 December 2021. (8 marks) 2.4) For answering this requirement only, assume that Whale Limited determined the recoverable amount of Shark Limited to be R940 000 as at 31 December 2021. Assume that the carrying amount of the net assets of Shark Limited, excluding goodwill, amounts to R920 000 on 31 December 2021. Prepare the pro-forma journal entry required to account for the impairment loss, if applicable, on Shark Limited in the Consolidated Financial Statements of the Whale Limited Group as at 31 December 2021. QUESTION 2 You are presented with the following trial balances for Whale Limited and Shark Additional information: - Whale Limited purchased 80\% of the shares in Shark Limited on 1 July 2021. - At the acquisition date, Whale Limited considered the carrying amount of the identifiable net assets of Shark Limited to be equal to their acquisition fair values. - On 1 July 2021, Shark Limited's trial balance showed a profit before tax of R122450 and an income tax expense of R31 740. - Whale Limited measured the non-controlling interest at its at acquisition date fair value of R180000. - Whale Limited measures its investment in Shark Limited at cost price. REQUIRED: 2.1) Provide the pro forma journal entries necessary to prepare the Consolidated Financial Statements of the Whale Limited group for the financial year ended 31 December 2021. (22 marks) 2.2) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the Whale Limited Group for the financial year ended 31 December 2021. (11 marks) 2.3) Prepare the Consolidated Statement of Changes in Equity of the Whale Limited Group for the financial year ended 31 December 2021. (8 marks) 2.4) For answering this requirement only, assume that Whale Limited determined the recoverable amount of Shark Limited to be R940 000 as at 31 December 2021. Assume that the carrying amount of the net assets of Shark Limited, excluding goodwill, amounts to R920 000 on 31 December 2021. Prepare the pro-forma journal entry required to account for the impairment loss, if applicable, on Shark Limited in the Consolidated Financial Statements of the Whale Limited Group as at 31 December 2021. (14 marks) Comnatanaw... QUESTION 2 (55 marks) You are presented with the following trial balances for Whale Limited and Shark Additional information: - Whale Limited purchased 80% of the shares in Shark Limited on 1 July 2021. - At the acquisition date, Whale Limited considered the carrying amount of the identifiable net assets of Shark Limited to be equal to their acquisition fair values. - On 1 July 2021, Shark Limited's trial balance showed a profit before tax of R122 450 and an income tax expense of R31 740 . - Whale Limited measured the non-controlling interest at its at acquisition date fair value of R180000 - Whale Limited measures its investment in Shark Limited at cost price. REQUIRED: 2.1) Provide the pro forma journal entries necessary to prepare the Consolidated Financial Statements of the Whale Limited group for the financial year ended 31 December 2021. (22 marks) 2.2) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the Whale Limited Group for the financial year ended 31 December 2021. (11 marks) 2.3) Prepare the Consolidated Statement of Changes in Equity of the Whale Limited Group for the financial year ended 31 December 2021. (8 marks) 2.4) For answering this requirement only, assume that Whale Limited determined the recoverable amount of Shark Limited to be R940 000 as at 31 December 2021. Assume that the carrying amount of the net assets of Shark Limited, excluding goodwill, amounts to R920 000 on 31 December 2021. Prepare the pro-forma journal entry required to account for the impairment loss, if applicable, on Shark Limited in the Consolidated Financial Statements of the Whale Limited Group as at 31 December 2021. QUESTION 2 You are presented with the following trial balances for Whale Limited and Shark Additional information: - Whale Limited purchased 80\% of the shares in Shark Limited on 1 July 2021. - At the acquisition date, Whale Limited considered the carrying amount of the identifiable net assets of Shark Limited to be equal to their acquisition fair values. - On 1 July 2021, Shark Limited's trial balance showed a profit before tax of R122450 and an income tax expense of R31 740. - Whale Limited measured the non-controlling interest at its at acquisition date fair value of R180000. - Whale Limited measures its investment in Shark Limited at cost price. REQUIRED: 2.1) Provide the pro forma journal entries necessary to prepare the Consolidated Financial Statements of the Whale Limited group for the financial year ended 31 December 2021. (22 marks) 2.2) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the Whale Limited Group for the financial year ended 31 December 2021. (11 marks) 2.3) Prepare the Consolidated Statement of Changes in Equity of the Whale Limited Group for the financial year ended 31 December 2021. (8 marks) 2.4) For answering this requirement only, assume that Whale Limited determined the recoverable amount of Shark Limited to be R940 000 as at 31 December 2021. Assume that the carrying amount of the net assets of Shark Limited, excluding goodwill, amounts to R920 000 on 31 December 2021. Prepare the pro-forma journal entry required to account for the impairment loss, if applicable, on Shark Limited in the Consolidated Financial Statements of the Whale Limited Group as at 31 December 2021. (14 marks) Comnatanaw