13.5 Given below are the statements of profit or loss af Hippo and Dino for the year ended 31 December x6. Additional information: a. Retained profit on 1 January 6 and dividends for year 6 were as follows: b. Hippo acquired 120,000 ordinary shares, 60,000 preference shares and RM40,000-10 percent debentures of Dino on 1 January 1 when the retained profit of Dino was RM20,000. c. The issued share capital of Dino comprised 200,000 ordinary shares and 200,000 preference shares. d. On the acquisition date, the fair value of Dino's plant was RM100,000 more than its carnying amount- The additional depreciation based on fair value is RM10,000 per annum. e. Sales of Hippo includes sales to Dino of RM100,000. Hippo sells goods to Dino at cost plus 25 percentand RM20,000 of the goods purchased from Hippo still remain as closing inventory of Dino. f. The group only recognises the parent's share of goodwill which was RM20,000. As at 31 Deeember 6i 50 percent of goodwill was impaired and there is no impairment in year 6. You are required to prepare: i. The consolidated statement of profit or loss of Hippo and Dino for the year ended 3. December 6. ii. Calculate the group retained profit as at 1 January 6. 13.5 Given below are the statements of profit or loss af Hippo and Dino for the year ended 31 December x6. Additional information: a. Retained profit on 1 January 6 and dividends for year 6 were as follows: b. Hippo acquired 120,000 ordinary shares, 60,000 preference shares and RM40,000-10 percent debentures of Dino on 1 January 1 when the retained profit of Dino was RM20,000. c. The issued share capital of Dino comprised 200,000 ordinary shares and 200,000 preference shares. d. On the acquisition date, the fair value of Dino's plant was RM100,000 more than its carnying amount- The additional depreciation based on fair value is RM10,000 per annum. e. Sales of Hippo includes sales to Dino of RM100,000. Hippo sells goods to Dino at cost plus 25 percentand RM20,000 of the goods purchased from Hippo still remain as closing inventory of Dino. f. The group only recognises the parent's share of goodwill which was RM20,000. As at 31 Deeember 6i 50 percent of goodwill was impaired and there is no impairment in year 6. You are required to prepare: i. The consolidated statement of profit or loss of Hippo and Dino for the year ended 3. December 6. ii. Calculate the group retained profit as at 1 January 6