Hercules acquired $80\%$ of the share capital of Samson a few years ago. At the date of the acquisition the retained earnings of Hercules was $$200$ million. The following data is available for the year end:

SHARES IN SAMSON

EQUIPMENT

DIVIDEND RECEIVABLE FROM SAMSON OTHER CURRENT ASSETS

ASSETS:

ISSUED CAPITAL RETAINED EARNINGS

DIVIDEND PAYABLE

OTHER CURRENT LIABILITIES

EQUITY AND LIABILITIES

HERKUCULES $2000210064014506190$

$1000223032301200176029607740$

SAMSON $-$

$1020-18002820$

$200600800800$

$1220$

$2020$

$2820$

The issued capital of both entities remained unchanged since incorporation. The movement in dividend for the year ended on $31$st December $20$X$1($current year$)$ is the following:

OPENING $1$ST JANUARY

NET PROFIT OF THE PERIOD APPROVED DIVIDEND

CLOSING RETAINED EARNINGS

HERCULES $19301500-12002230$

SAMSON $4001000-800600$

Hercules recognized the dividend receivable from Samson as income. None of the dividends approved this year was paid until the end of the reporting period. The goodwill is not impaired and non controlling interests are recognized at their share of the net assets.

Prepare the consolidate balance sheet as at $31$st December $20$X$1!$ Show all the workings $($w$1-$ w$8)!$