HK Ltd. (HK) acquires all shares of Moneypenny Ltd. (MP) for THK$ 300 on Jan. 1^st20X5. The statement of financial positions as at Jan. 1^st20X5, Dec. 31^st20X5, and Dec. 31^st20X6 are as follows:

	Jan 1st 20X5		31st Dec. 20X5		31st Dec. 20X6
In THK$	HK Ltd.	MP Ltd.	HK Ltd.	MP Ltd.	HK Ltd.	MP Ltd.
Equipment	0	200	0	200	0	200
Acc. Depr.	0	-50	0	-100	0	-150
Investment	300	0	300	0	300	0
Cash	100	100	100	150	100	200
Total Assets	400	250	400	250	400	250
Equity 01.01.	400	250	400	250	400	250
Equity 31.12.			400	250	400	250
Liabilities	0	0	0	0	0	0
Total E&L	400	250	400	250	400	250
Revenues			0	50	0	50
Depreciation			0	-50	0	-50
Profit for the year			0	0	0	0

• The equipment of MP Ltd. was bought on Jan. 1^st20X4.
• The expected useful life of the equipment is 4 years.
• The equipment of MP Ltd. has a fair value of THK$ 180 on Jan. 1^st20X5.
• The consideration transferred consisted of a cash payment of THK$ 300.
• Neglect tax effects.

Required see answer sheets on the next pages:

Prepare the worksheet entries and the consolidation worksheet as at Dec. 31^st20X6 (subsequent consolidation). Fill in assets, liabilities, Dr, Cr, and Consolidated.