Company A has two subsidiaries, S1 and S2, and two associates, AS1 and AS2. Company A has ownership interests in the subsidiaries and associates as follows:

S1 100 Percent Owned

S2 70 Percent Owned

AS1 30 Percent Owned

AS2 20 Percent Owned

The following inter-entity transaction took place: AS1 sold goods to S1 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.

AS1 sold goods to S2 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.

AS1 sold goods to AS2 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.

AS1 sold goods to Company A at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.

Required: In determining the investor's share of the associates' profits, what adjustments would be necessary as a result of these transactions? (Consider each of these transactions as independent, and ignore taxes).