Can i get this answers for this questions??

On 1 January 2005, Teja Bhd acquired an 70% interest in the equity capital of Melur Bhd for a cash consideration RM10,500,000. The retained profit of Melur Bhd on that date was RM2,000,000. The fair value of Melur Bhd as a whole was determined to be RM15,000,000. On 31 March 2010, Teja Bhd sold 1,000,000 shares in Melur Bhd for a cash consideration of RM4,500,000.

BKAF 3073 A151 TUTORIAL 4 DISPOSAL OF SHARES QUESTION 3 On 1 January 2005, Teja Bhd acquired an 70% interest in the equity capital of Melur Bhd for a cash consideration RM10,500,000. The retained profit of Melur Bhd on that date was RM2,000,000. The fair value of Melur Bhd as a whole was determined to be RM15,000,000. On 31 March 2010, Teja Bhd sold 1,000,000 shares in Melur Bhd for a cash consideration of RM4,500,000. The summarized accounts of the two companies for the current year ended 31 December 2010 are as follows: Statement of Comprehensive Income Revenue Expenses Operating profit Taxation Profit for the year Movement in Retained Profits: Profit for the year Retained profits brought forward Retained profits carried forward * include gain on disposal of share Teja RM'000 34,000* (16,000) 18,000 (5,400) 12,600 Melur RM'000 20,000 (14,000) 6,000 (1,800) 4,200 12,600 42,930 55,530 4,200 20,750 24,950 Statement of Financial Position Property, plant and equipment Investment in Delima, at cost Current assets Share capital of RM1 each Retained profit Long-term liabilities Current liabilities Teja RM'000 91,530 9,000 63,000 163,530 50,000 55,530 20,000 38,000 163,530 Melur RM'000 43,300 15,650 58,950 10,000 24,950 16,000 8,000 58,950 Additional information: The earnings of Melur Bhd accrued evenly throughout 2010. It is the policy of the group to measure non-controlling interest at acquisition-date fair value. REQUIRED: (a) How the group should account the disposal of its shares in Melur Bhd on 31 March 2010. Calculate the amount. (b) Prepare the consolidation journal entries for the year ended 31 December 2010. (c) Prepare the Consolidated Statement of Comprehensive Income for the year ended 31 December 2010. (d) Prepare the Statement of Financial Position as at 31 December 2010. QUESTION 4 On 1 January 2007, Hero Bhd acquired an 80% interest in the equity capital of Bayumax Bhd for a consideration of RM71,368,000. On this date, the retained earnings of Bayumax Bhd were RM25,000,000. The fair value of NCI was RM17,842,000. The net assets of the subsidiary were at their fair values except for land that was not previously recognized amounted to RM10,000,000. In 2013, the land was appraised and its current value stood at RM20,000,000. Subsequently, on 1 July 2014, Hero Bhd decided to sell of 50% of its holding in Bayumax Bhd for a cash consideration of RM65,000,000. On this date, the market share price of Bayumax Bhd was RM7.60 per share. Hero Bhd continued to be represented on the board of directors of Bayumax Bhd and thus retained significant influence on Bayumax Bhd. During 2014, Hero Bhd purchased inventory from Bayumax Bhd for invoices totaling RM20,000,000. Half of the goods remained unsold at year end. The profit margin on the sales was 50%. On 1 January 2014, Hero Bhd acquired 100% interest in Takasih Bhd at a cost of RM80,000,000. The draft financial statements of the three companies for the current year ended 31 December 2014 are as follows: Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2014 Hero Bayumax Takasih Bhd Bhd Bhd RM'000 RM'000 RM'000 Turnover 268,500 106,000 72,000 Cost of sales (148,000) (78,000) (46,000) Operating profit 120,500 28,000 26,000 Gain from disposal shares 29,316 Finance cost (16,000) (2,000) (2,000) Profit before taxation 133,816 26,000 24,000 (40,145 Less: Taxation ) (7,800) (7,200) Profit after taxation 93,671 18,200 16,800 Less: Dividend paid (48,000) Retained profit for the year Retained profits brought forward 45,671 113,000 18,200 53,500 16,800 43,000 Retained profits carried forward 158,671 71,700 59,800 Statement of Financial Position As at 31 December 2014 Hero Bayumax Bhd Bhd RM'000 Share capital RM'000 Takasih Bhd RM'000 200,000 40,000 20,000 46,766 20,000 - 158,671 71,700 59,800 405,437 131,700 79,800 Long term loans 28,100 10,800 12,000 Trade payables 34,250 21,000 25,000 Deferred taxation 19,150 28,100 9,000 486,937 191,600 125,800 Land 72,211 20,000 10,000 Investment in Bayumax Bhd 35,684 128,000 105,000 57,000 Trade receivables 96,000 59,600 48,800 Cash and bank balances 75,042 7,000 10,000 486,937 191,600 125,800 Revaluation reserves Retained profit 16,000,000 shares at cost Investment in Takasih Bhd 80,000 20,000,000 shares at cost Current assets: Inventories Additional information: 1. Assume revenues are accrued evenly throughout the year. 2. Ignore tax effect on unrealized profit. The tax rate is 30%. REQUIRED: (a) Calculate the gain or loss arising from the disposal of shares in Bayumax Bhd from the group viewpoint. (b) Prepare the Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2014