On 1^st October 2019 Scott's company purchased 75% of the equity shares in Jenny's company.The acquisition was through a share exchange of two shares in Scott for every three shares in Jenny.The stock market price of Scott shares at 1^st October 2019 was $4 per share.

The summarized statements of profit or loss and other comprehensive income for the two companies for the year ended 31^st March 2020 are as follow:

Scott + Jenny + $'000 + $'000 + Revenue + 450,000 + ! 240,000 + + Cost of sales + (260,000) + (110,000) + + Gross profit + Distribution costs + - - - - - - 190,000 + 130,000 + (23,600)?_ (12,000) + Administrative expenses + (27,000) + (23,000) + it Finance costs + (1,500) - (1 200) Profit before tax + 137,900 + 93,800 Income tax expense + (48,000) + (27,800) + Profit for the year + 89,900 + 66,000 Other comprehensive income + Gain on revaluation of land (Note 1) + 2,500 Loss of fair value of equity financial asset investment +; 1,000 (700) (400) 1,800 + 600 + - - - - - - - - - - - - - Total comprehensive income for the year + 91,700 66,600 47The following information for the equity of the companies as at 1st April 2019:+ - - - - - - - = Scott+ - - -I- - Jenny+ $'000 + - - - -I $'000 + i Equity shares of $1 each + 250,000 160,000 + 14 : Share premium + - - 100,000 + - - - - - Ni+ Revaluation reserve for land - - 8,400 - - Nil + Other equity reserve (re equity financial asset investment) _ - - - - - 3,200 + I 2,200 + : Retained earnings + - - -. - - - - - 90,000 125,000