Grouper Corp. is facing a decision as to whether to purchase 40% of Kyla Corp.s shares for $2.80 million cash, giving Grouper significant influence over the investee company, or 60% of Kylas shares for $4.20 million cash, making Kyla a subsidiary company. The book value of Kylas net assets is $7.00 million (assets are $22 million and liabilities are $15.00 million).

How will this investment affect Groupers statement of financial position if Grouper acquires a 60% interest, assuming Grouper applies IFRS? Indicate the immediate effect on Groupers total assets, total liabilities, and shareholders equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter 0 for amounts.)

Assets						Liabilities				Shareholders equity
Invest. in Associate		select an effect -+No Effect		enter a dollar amount in millions million		select an effect +No Effect-		enter a dollar amount in millions million		select an effect -+No Effect		enter a dollar amount in millions million
Cash		select an effect No Effect-+		enter a dollar amount in millions million		select an effect -No Effect+		enter a dollar amount in millions million		select an effect No Effect-+		enter a dollar amount in millions million
		select an effect -No Effect+		enter a total amount in millions million		select an effect +No Effect-		enter a total amount in millions million		select an effect -No Effect+		enter a total amount in millions million