Accounting

Please assist on this:

On 1 July 20x2. Campbell Bhd acquired 75 percent of the issued ordinary share capital Of Bell Bhd while the retained profit of Bell had a debit balance of RM200,OOO. The fair value of the land in Bell at that time was RM300,OOO than its carrying Campbell Bhd acquired 60 percent of the issued ordinary share capital Of Simpson Bhd On 1 January 20x5 while the retained mom was RM400,OOO. Simpson has an unrecognised homegrown brand which far value is RM150.OOO. This asset has an indefinite life. The cost Of this business combination was to be discharged by a cash payment of RM200.OOO and an issue of RMmOOO fair value of new ordinary shares in Campbell. Canvbell has only recorded the cash paid. The eatenmts of Finandal position Of the three entities as at 31 20xS are as follows: ASSETS Non-CurrentAssets Land property, plant and equipment Shares in Bell Shares in Simpson Current Assets Trade receivables Inventories Bank TOTAL ASSETS EQUITY AND LIABILITIES Ordinary share capital Retained profit Total Equity Current Liabilities Trade payables Proposed dividends TOTAL EQUITY AND LIABILITIES The following infomation is relevant: Campbell RM'OOO 3,230 2,000 593 700 400 8 130 7000 750 7,750 100 380 Bell RM'OOO Simpson RM'OOO 1,550 194 450 600 1650 2500 600 3,100 150 290 80 250 300 200 1200 1.500 50 b. c. d. e. The fair values of Bell's land increased by another RM400.OOO by the end of year In 20x3, Bell sold a piece of land costing RM50,OOO for RMI to Simpson. The land is still with Smpson. In year 20x5, Campbell sold to Bell a plant with a carrying armunt of RM400,OOO for RM800,OOO. The plant has a remaining economic life Of four years. All the inventories of Campbell and one-half of the inventories of Ben were bought from Simpson. Simpson sold the goods at a gross margin of 25 percent. Campbell has not recognised its share of dividends from Bell. Included in the trade payables Of Bell is RMIOO.OOO due to Campbell. Please assist in this: a. Prepare the consolidation journal entries for the year ended 31 December 20x5. b. Prepare the consolidated statement of financial position for Campbell Bhd as at 31 December 20x5.