Answer the blank parts to the questions accordingly:

PART 3 - GROUP ACCOUNTS 16 points On January 1, 2019, company PETROL purchases 15 000 shares of company OIL for 300 0006. Share capital of company OIL is composed of 20 000 shares. The balance sheets of both companies at acquisition date are as follows (in (] : PETROL OIL ASSETS Property, Plant, Equipment (net) 650 000 112 000 Intangible assets 310 000 10 000 Investment in company OIL 300 000 Inventories 220 000 31 000 Trade receivables 216 000 25 000 Cash 48 000 20 000 1 744 000 198 000 EQUITY AND LIABILITIES Share capital 520 000 92 000 Reserves 656 000 35 000 Financial Debts 373 000 50 000 Trade payables 195 000 21 000 1 744 000 198 000 The following additional information is given - OIL owns a patent to procude a biodegradable plastic. As of December 31, 2018, the fair value of this patent is estimated at 14 000 # whereas it is recognized with a net book value of 8 0006 in OIL's balance sheet The fair value of OIL's inventories amount to 29 000 6 as of December 31, 2018. The fair value of OIL's main plant is 105 0006 whereas its net book value is 82 0006. 1. What control/influence does PETROL exert on OIL? Justify your answer with the calculation of its percentage of control and indicate the appropriate consolidation method. / 1 point 2. Calculate the amount of goodwill related to this acquisition (show calculations) 1 1 point3. What is the amount of the non-controlling interest as of January 1, 2019? (Show calculations) / 1 point 4. Prepare the consolidated balance sheet immediately after acquisition by filling the form below 1 3 points PETROL OIL Adjustments Consolidated Balance Sheet ASSETS Goodwill Property, Plant, Equipment (net) 650 000 112 000 Intangible assets 310 000 10 000 Investment in company OIL 300 000 Inventories 220 000 31 000 Trade receivables 216 000 25 000 Cash 48 000 20 000 Total Assets 1 744 000 198 000 EQUITY AND LIABILITIES Share capital 520 000 92 000 Reserves 656 000 35 000 Non controling interest Financial Debts 373 000 50 000 Trade payables 195 000 21 000 Total Equity and Liabilities 1 744 000 198 000