If you can provide the answer ASAP, that would be appreciated.

e E learn-ap-southeast-2-pmd-fleet01-xythos.53.ap-southeast-2.amazonaws.com https://learn-ap-southeast-Z-pr.. w HCLMES INSTITUTE Question 4 Giant Ltd acquired 80 percent share capital of Expert Ltd. On 1 July 2018 for a cost of $1,600,000, As at the date of acquisition, all assets and liabilities of Expert Ltd were fairly valued except a land that has a carrying value $150,000 less than the fair value. The recorded balance of equity of Expert Ltd as at 1 July 2018 were as: Share capital $800,000 Retained earnings $200,000 General Reserve $400 000 Total $1,400,000 Additional information: The management of Giant Ltd values noncontrolling interest at the proportionate share of Expert Ltd identiable net assets. Expert Ltd has a prot after tax of $200,000 for the year ended 30 June 2019. During the financial year to 30 June 2019, Expert Ltd sold inventory to Giant Ltd for a price of $120,000. The inventory costs Expert Ltd $60,000 to produce. 25 percent of the inventory are still on the hand of Giant Ltd as at 301une 2019. During the year Expert Ltd paid $60,000 in consultancy fees to Giant Ltd. On 1 July 2018, Expert Ltd sold an item of plant to Giant Ltd 580000. The equipment had a carrying value of $60,000 (Cost $100,000, accumulated depreciation $40,000). At the date of sale, it was expected that the equipment had a remaining life of4 years and no residual value, The tax rate is 30 percent. Required: a) Based on the above information, calculate the noncontrolling interest as at 30 June 2019, (65 marks) b) Prepare the necessary journal entries to recognise the non-controlling interest as at 30 June 2019. (3.5 marks)