Calculation of the non‐controlling interest, multiple subsidiaries, acquisitions on the same date  LO3 On 1 July 2017, Fiji Ltd acquired 75% of the issued shares of India Ltd at a cost of $280 000 and India Ltd acquired 80% of the issued shares of Japan Ltd at a cost of $135 000. At acquisition date, the equity of India Ltd and Japan Ltd was as follows. India Ltd Japan Ltd Share capital $150 000 $140 000 General reserve 20 000 — Retained earnings 50 000 20 000 At 1 July 2017, all identifiable assets and liabilities of India Ltd and Japan Ltd were recorded at fair value. On 30 June 2019, India Ltd transferred the general reserve to retained earnings and declared a dividend of $20 000 which was paid on 1 November 2019. On 30 June 2021, India Ltd and Japan Ltd provided the following information. India Ltd Japan Ltd Profit before income tax $ 48 000 $32 000 Income tax expense 20 000 15 000 Profit 28 000 17 000 Retained earnings (1/7/20) 75 000 42 000 103 000 59 000 Transfer to general reserve — 20 000 Dividend paid 10 000 — Dividend declared 15 000 10 000 25 000 30 000 Retained earnings (30/6/21) $ 78 000 $29 000 Required Calculate the non‐controlling interest’s share in retained earnings at 30 June 2021 for India Ltd and Japan Ltd.