Paint Co acquired 85% of the shares in Speed Co on 1 January 2020 when Speed Co had retained earnings of BD19,000. The market price of Speed Co's shares just before the date of acquisition was BD2.000. Paint Co values non-controlling interest (NCI) at fair value. Goodwill is not impaired. The statements of financial position of Paint Co and Speed Co at 31 December 2020 and the statements of profit or loss for the year ended 31 December 2020 were as follows: Statements of Financial Position as at 31 December 2020: Paint Co. Speed BD Co. BD Cash and bank balances Total assets Assets Non-current assets Property, plant and equipment 82,000 68,000 Shares in Speed Co. 93,200 175,200 68,000 Current assets Inventory Trade receivables 8,000 10,000 20,000 12,000 40,800 21,000 68,800 43,000 244,000 111,000 Equity and liabilities Share capital - BD1.00 shares 138,000 68,000 Retained earnings 96,000 33,000 234,000 101,000 Current liabilities Trade and other payables Bank overdraft 4,000 5,000 6,000 5,000 10,000 10,000 Total equity and liabilities 244,000 111,000