On 1 January 2017, VMS 50% of JV S Bheji The flowing are the fact statements of VMSBhd and JV Sdn Bhd, at 31 December 2017. Statement of Financial Position 31 December 2017 Non-Cent Investment at JV at cost Cument Li Non-current Liabi Net Assets sh Sdn Bhd M000 000 1.000 100 NO 340 120 1400 200 050 1,100 200 R Equity Shareholders equity 700 120 Retained Earnings 400 00 1,100 200 Income Statement 31 December 2017 Revenue Cost of Nome REQUIRED: Using the equity method, what is the value of the investment in PV (in RM) Using the equity method, what in the value of the total assets in RM Using the equity method, what is the Share of profit of JV in RM Using the equity method, calculate the net income of V in RM Westhe Sond FM1000 PM 000 1.200 300 Using the Proportionate Consolidation method, calculate the Non-Current Assets of V in RM