Minion Ltd acquired 20% and significant influence over the operations of Hoola Ltd and control over the operations of Mend Ltd on 1 July 20X0. Hoola Ltd reported a profit of $800,000 for the year ended 30 June 20X1. For its financial year ended 30 June 20X1, Minion Ltd would report a share of Hoola Ltds profit of: Select one: Would not report any amount anywhere. $800,000 in the consolidated financial statements of the Minion Group. $160,000 in the separate financial statements of Minion Ltd. $160,000 in the consolidated financial statements of the Minion Group.