Sydney Ltd acquired a 73% interest in Brisbane Ltd on 1 July 2014 for $965,000 On the same date, the balance of shareholders' equity of Brisbane Ltd comprised: Share capital $250,000 General reserve $141,000 Retained earnings $139,000 $530,000 All assets are recorded at their fair values except for an item of plant, which had a fair value of $467,000 and a carrying amount of $149,000 (original cost $356,000). The remaining useful life of the plant at the date of acquisition is 13 years. The fair value of the NCI in Brisbane Ltd on 1 July 2014 was $442,000. At 30 June 2016 & 2017 the equity balances of Brisbane Ltd are: 30/6/16 30/6/17 Share capital $250,000 $250,000 General reserve $153,000 $183,000 Retained earnings $180,000 $197,000 Additional information: 1. Brisbane Ltd recorded a profit after tax of $46,000 for the year ended 30 June 2017 and paid a dividend of SRO anl January 2017 of belor tax of S64000 1. Brisbane Ltd recorded a profit after tax of $46,000 for the year ended 30 June 2017 and paid a dividend of $8,000 on 1 January 2017 2. On1 June 2016, Brisbane ltd sold inventory to Sydney Ltd for $120,000, at a profit before tax of $84,000 The entire inventory is unsold at 30 June 2016. The inventory is sold to external parties by Sydney Ltd on 15 June 2017 The journal entries to record for Sydney Group as well as NCI at 30 June 2017 are as follows: share capital General reserve Retained earings BCVR Goodwill Investment in Brisbane $965,000 Share capital General reserve Retained earnings BCVR NCI General Reserve @@ Ratanduanian General Reserve Retained Earnings NCI UJJ Adjustment of opening Retained Earnings Less: Plant's depreciation -48923 Add: Tax adjustment for depreciation 14677 Less: Intra-group inv, unrealised profit Add: Tax adjustment Changes in Retained Earnings X 27% Dr. NCI 20 00 00 Cr. Retained Earnings Please note that positive sign of implies Dr. Retained Earnings and Cr NCI and the negative sign of 30 means Dr. NCI and Cr. Retained Earnings Enter the amount of * in the answer block below