Question 1 (17 Marks) On 2 January 2018, Khairul Ltd. acquired a 80 per cent interest in Aminuddin Ltd at $500,000 cash consideration. At that date, the equity of Aminuddin's statement of financial position revealed the following Issued capital Retained Earnings $000 400-80%-320 100 500 . At the acquisition date, Aminuddin revalued its non-current, non-depreciable assets to fair value by $20,000. On 31 December 2018, Aminuddin declared a final dividend of $10,000. Ignore tax effect Required: Based on the information available: (a) Prepare the pro-forma entries for the parent entity. (4 marks) (b) Prepare the pro-forma entries for the subsidiary entity. (2 marks) ) (c) Prepare the pre-acquisition elimination entry including the revaluation at consolidation level (7 marks) (d) Prepare the consolidated entries on 31 December 2018 (4 marks)