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Oscar Plc has owned 80% of the share capital of Teddy Plc for many years. Retained earnings of Teddy Plc for the year end 31

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Oscar Plc has owned 80% of the share capital of Teddy Plc for many years. Retained earnings of Teddy Plc for the year end 31 st December 2020 are 2,400,000. Oscar Plc bought 25% of the share capital of Carter Plc on 1st january 2020 at cost of 2,000,000. Carter has made a profit for the year ended 31st Dec 2020 of 700,000 and has sold goods to Oscar Plc during the year with a sales value of 240,000. All sales were at a margin of 20% and half of them remain in year-end inventories. Oscar Plc has retained earnings at 315t December 2020 of {4,000,000 Complete the statements below by filting in the blanks: The amount of investment in Carter to be shown in the consolidated statement of financial position for the year ended 31 December is Blank 1 . The share of profits of Carter to be shown in the consolidated statement of profit or loss for the year ended 31 December 2020 is E Blank 2 To calculate the group retained earnings the following amounts needs to be included. Parent RE E Blank 3; Parent share of subsidiary post acquisition RE E Blank 4; parent share of associates post acquisition RE E Blank 5 and any adjustments E Blank 6 . Group retained earnings to be shown in the consolidated statement of financial position is Blank 7

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