1. Bath Ltd acquired 80% of the ordinary share capital of Jankin Ltd on 1 January 2020 for Rs153,000 and 40% of the ordinary share capital of Arthur Ltd on 1 July 2020 for Rs336,000. The following information is available. (a) The list of items in the balance sheets of the three companies at 31 December 2020 are set out below. Bath Ltd Jankin Ltd Arthur Ltd Rs Rs Rs Share capital Ordinary share of Rs0.25 each 750,000 100,000 400,000 Share premium 15,000 Retained profits, 1 January 2020 191,000 19,400 156,000 Profits for the year ended 31 December 2020 37,000 3,000 54,000 Tax payable 78,000 24,000 56,000 Trade Creditors 162,000 74,400 149,000 Accumulated depreciation Freehold property 9,000 40,000 Plant & Machinery 87,000 39,000 124,600 Dividends proposed 30,000 15,000 Current account (intra-group trade) 9,800 1,359,000 284,600 979,600 Freehold property, at cost 116,000 200,000 Plant & machinery, at cost 216,000 104,000 326,400 Investments in subsidiaries - Jankin Ltd 153,000 - Arthur Ltd 336,000 Trade investment 52,000 Stocks 206,000 99,000 294,200 Debtors 172,200 73,000 95,000 Bank balance 94,000 7,900 62,800 Cash 1,100 700 1,200 Current account (intra-group trading) 12,700 1,359,000 284,600 979,600