On 1 July 2018, Kevin Ltd acquired 40% of the ordinary shares of Stuart Ltd for $200,000. All the identifiable assets and liabilities of Stuart Ltd were recorded at amounts equal to their fair values, except for a piece of machinery with a carrying value of $600,000, but a fair value of $715.000 at the date of acquisition. The machinery originally costed Stuart Ltd $100,000. At the date of acquisition, the machinery's expected remaining useful life was 5 years with benefits being expected evenly over that period. Below is an extract of Stuart Ltd's financial statements at 1 July 2018, 30 June 2020, and 30 June 2021 (please note - the financial statements at 30 June 2019 are not provided and not required): 1 July 2018 30 June 30 June 2020 2021 $ Profit before income tax 104,200 144.200 125,950 Income tax expense (4,200) (4,200) (4,620) Profit for the year 100,000 140,000 121,330 Retained earnings (opening) 50,000 200,000 340,000 Dividend paid (40,000) Retained earnings (closing) 150,000 340,000 421,330 Share capital 300,000 300,000 300,000 General reserve 10,000. 10,000 16,000 Total Equity 460,000 650,000 737,330 The following transactions took place during the period ended 30 June 2021: -Transaction 1: Stuart declared and paid dividends totaling $40,000 during the current period ended 30 June 2021. -Transaction 2: On 15 September 2020, Kevin Ltd sold inventories to Stuart Ltd for $15,000 cash, recording a profit of $3,000. At 30 June 2021, 90% of these inventories were still on hand. -Transaction 3: On 20 September 2020, Stuart Ltd sold inventories to Kevin Ltd for $20,000 on credit, recording a profit of $5,000. By 30 June 2021, 50% of these inventories had been sold by Kevin Ltd to external entities. Assume tax rate is 30%. Assume Kevin Ltd has assessed that they have control over Stuart Ltd. Required: Calculate the total NCI in equity for the Kevin Ltd group at 30 June 2021 assuming the proportionate (partial) method of recording goodwill. Your presentation will need to show the calculation of NCI in each component of equity coming to a total. Please copy and paste the NCI Memorandum template into the answer box below. Feel free to add additional rows or delete rows you don't need. Note to do this, left-click your mouse in front of "N" for "NCI Memorandum' below, drag to and including the bottom right-hand cell. Then once it is all highlighted, type 'Control c' (to copy) and then type "Control v' in the answer box below (to paste)