If RE on 1/1 for P is 370000 JD and for S is 100000 JD, consolidated net income is 68000 JD and dividends declared by P is 20000 JD and dividends declared by S is 10000 JD. Compute consolidated RE on 31/12. ownership is 90%. Answer: On 1/1/2019, P Company acquired 80% of S Company. During 2019, P recorded equity income 8000 JD and dividends 3000 JD. During 2020, P recorded equity income 14000 JD and O dividends. Investment balance on 31/12/2020 is 113000 JD. Compute investment balance on 1/1/2019