Cat Ltd purchased 85% of the shares in Mouse Ltd on 1 September 2015 for

$750,000. Mouse Ltd owners' equity at that date comprised share capital $450,000,

reserves $100,000 and retained profits $75,000. On 1 January 2017, Mouse Ltd

acquired 75% of the shares of Dog Ltd for $410,000. Dog Ltd owners' equity at that

date comprised share capital $200,000 and retained profits $180,000. An additional

$5,000 goodwill impairment has been recognised for the second investment since

control date.

Required:

a) Complete the 31 December 2017 consolidation worksheet.

b) Prepare the elimination journal entries required to consolidate the group.

c) Allocate the non-controlling and parent interests in the group equities.