Ribena Ltd 1s a manufacturer of air conditioners and has quickly established itself as a prominent player in Queensland. To expand its business, it has incorporated several companies, and the existing group structure 1s as such: Ribenia Ltd has 70% ownership in Mazza Ltd and 30% ownership in Jinx Ltd, and Mazza Ltd also has 30% ownership in Jinx Ltd. The ownership interests in Mazza Ltd and Jinx Ltd were established on the incorporation of these entities with only an interest in issued capital. No goodwill or gain on bargain purchase occurred on acquisition. Issued capital and reserves at 31/12/2022 Ribena Ltd Mazza Ltd Jinx Ltd $ s s Profit (loss) for the year 35.000 6,500 7.000 Retained earnings 1.1.22 20,000 11,000 5,000 Dividend paid (3,000) (1,000) (3,500) Retained earnings 31.12.22 52.000 16,500 8.500 Revaluation surplus 15,000 7.500 3.500 Issued capital 110,000 60,000 25,000 177,000 84,000 37,000 Additional information - During 2021, Jinx Ltd sold inventories to Mazza L.td, and the unrealised profit element in respect of these inventories unsold by Mazza [.td at 31 December 2021 being $1,000. During 2022, Mazza Ltd sold half of these inventories to Ribena Ltd and half to outside merchants. The half sold to Ribena Ltd was still held by that entity at 31 December 2022. - During 2022, Jinx Ltd sold inventories to Ribena Ltd, and the unrealised profit element in respect of these inventories unsold by Ribena Ltd at 31 December 2022 being $2.,000. - The directors of Ribena Ltd elected to use the proportionate interest goodwill method to measure non-controlling interest in Mazza Ltd and Jinx Ltd. - Due to the growth of Mazza Ltd and Jinx Ltd's net assets since the date of acquisition and current year profit, the directors of Ribena Ltd have not recognised any impairment losses for the years prior to 1 January 2022 and will not recognise an impairment loss for the year ended 31 December 2022 in the consolidate and separate financial statements of Ribena Ltd. - No movements have occurred within either Mazza Ltd or Jinx Ltd's 1ssued capital and revaluation surplus accounts during the year ended 31 December 2022 - A company tax rate of 30% applies for all accounting periods. Required Calculate the non-controlling interest in Mazza Ltd and Jinx Ltd (both direct and indirect) as at 31 December 2022 for the following items. Round your answers to the nearest dollars. a. Net profit after tax b. Retained earnings Part B Maths Ltd is a parent company with two subsidiaries, Calculus Ltd and Trigonometry Ltd. Maths Ltd owns 70% of each of its subsidiaries. At the same time, Calculus Ltd owns 10% of Trigonometry Ltd and Trigonometry Ltd owns 20% of Calculus Ltd. Required Determine the Parent Interest and Non-controlling Interest in Calculus Ltd and Trigonometry Ltd