Large Parent Ltd acquired 70% of the equity in Sub Ltd on 1 April 2006. At that date, the equity of Sub Ltd was comprised of Share capital of $4 500 and Retained earnings of $ 2 300. Sub Ltd uses the cost model for its property, plant and equipment (PPE).

On the 1 April 2006:

- the fair value of the PPE was $490 greater than the cost.

- there was a contingent liability of $96.

The general ledger balances for the year ended 31 March 2022 are provided below.

	Large Parent Ltd	Sub Ltd
Income statement/dividend items:	$	$
Income (all types)	14 700	10 200
Less: Expenses (all types)	8 200	5 750
Profit before tax	6 500	4 450
Less: Income tax expense	2 425	1 200
Profit after tax	4 075	3 250
Retained earnings opening balance	6 000	3 800
Less: Dividends declared	3 000	2 500
Balance Sheet items:
Retained earnings closing balance	7 075	4 550
Share capital	10 250	4 500
Various liabilities	17 925	3 115
Loan payable to Parent Ltd	-	1 250
Interest payable to Parent Ltd	-	15
Total equity and liabilities	$35 250	$13 430
Various current assets	2 785	1 000
Inventory	600	430
Interest receivable	15	-
PPE	25 000	12 000
Loan receivable	1 250	-
Investment in Sub Ltd	5 600	-
Total assets	$35 250	$13 430

Note ignore the information about the contingent liability and their fair value of PPE being greater than the cost.

Required: question are attached down below

Assume Large Parent Ltd acquired 26% of the equity of Sub Ltd on 1 April 2006 and paid a cash sum of $2 080 for the acquisition. Because of this acquisition, Large Parent Ltd has significant influence over Sub Ltd.

(d) Determine the amount at which the investment asset will be measured, after being equity accounted for, in the Large Parent Ltd financial statements at 31 March 2022. Show your workings. The Investment in Sub Ltd (an associate) will be measured at: Workings: (d) Determine the amount at which the investment asset will be measured, after being equity accounted for, in the Large Parent Ltd financial statements at 31 March 2022. Show your workings. The Investment in Sub Ltd (an associate) will be measured at: Workings