Ruth Ltd has a 30% investment in Abraham Ltd, which it had acquired four years ago on 1 July 2008. The cost of acquisition was $660 000. At that date all the assets and liabilities of Abraham Ltd was recorded at fair value. Ruth Ltd is a parent company. In the current period, Abraham Ltd distributed $300 000 dividends from current period profit. In the previous periods $200 000 had been distributed as dividends. Equities of Abraham Ltd at: Purchase date Start of current year End of current year $000 $000 $000 Share capital 1200 1200 1200 Reserves 800 800 800 Retained profits 200 700 800 Revaluation surplus 200 345 Required: Prepare the equity accounting journal entries for the year ending 30 June 2012. (10 marks)