Big Bird Ltd owns 61% of Peter Pan Ltd, 49% of Scooby-doo Ltd, and 76% of Sponge Bob Ltd. Below

are the individual Balance Sheets for Big Bird Ltd, Peter Pan Ltd, Scooby-doo Ltd, Sponge Bob Ltd and

the consolidated Balance Sheet of Big Bird Group Ltd. There are a number of errors in the consolidated

Balance Sheet.

a)determine what those errors and correct it, recalculate the consolidated Balance Sheet.

b)prepare the journal entry for Big Bird Ltd to record the work paper investment elimination entries

c) prepare recalculated classified consolidated Balance Sheet

please clarify if there is any calculation needed