answer questions 4 and 5

4. On July 1, 2021, P Ltd acquired 25 percent of the shares of G Ltd for $85 000. At this date all identifiable assets and liabilities of G Ltd are recorded at amounts equal to fair value, and the equity of G Ltd consists of: Share capital $200 000 General reserve $60 000 Asset Revaluation Reserve $40 000 Retained profits $40 000 During 2021-2022, G Ltd reported a profit of $50 000, the asset revaluation reserve increased by $10 000, reported as other income. G Ltd paid a $8 000 dividend and transferred $6 000 to general reserve. The record of payment of dividends by G Ltd in the investor's books: a. Dr. Investment in G Ltd $2 000 Cr. Cash at bank $2 000 b. Dr. Investment in G Ltd $8 000 Cr. Other Comprehensive income $8 00 c. Dr. Cash at bank $2 000 Cr. Investment in G Ltd $2 000 d. Dr. Cash at Bank $8 000 Cr. Investment in G Ltd $8 000 e . On July 1, 2021, P Ltd acquired 25 percent of the shares of G Ltd for $85 000. At this date all identifiable assets and liabilities of G Ltd are recorded at amounts equal to fair value, and the equity of G Ltd consists of: At June 30, 2022, the balance of the Investment account in G Ltd should be: Share capital $200 000 General reserve $60 000 Asset Revaluation Reserve $40 000 Retained profits $40 000 During 2021-2022, G Ltd reported a profit of $50 000, the asset revaluation reserve increased by $10 000, reported as other income. G Ltd paid a $8 000 dividend and transferred $6 000 to general reserve. At June 30, 2022, the balance of the Investment account in G Ltd should be: a. $200 000 b. $98 000 c. None of the listed choices d. $150 000