From the Given information Calculate the Book Value and pass Elimination entry: (2 Marks)

1. PQR Ltd owns 75% of STV Ltd.
2. STV Ltd s net income for 20X4 is SAR 250,000
3. PQR Ltds net income for 20X4 from its own separate operations is SAR 500,000.

4. STV Ltds declares dividends of SAR 36,000 during 20X4.
5. STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share.
6. STV Ltds beginning balance in Retained Earnings for 20X4 is SAR 150,000