T2 2020 FEX - Word Search erences Mailings Review View Help Table Design Layout Question 5 (25%) Apple Ltd acquired 30% interest in Pie Ltd for $100,000 on 1 July 2012. Profits and Dividends for Pie Ltd for years ended 30 June 2013 to 2014 were as follows: Profit before tax Income tax expense Dividends paid 2013 $160.000 560.000 $160,000 2014 $140,000 550.000 $30,000 Required: Prepare all necessary journal entries in the records of Apple Ltd in relation to its investment in the associate, Pie Ltd based on the above information Assume there are sufficient net assets for dividend distribution and Apple Ltd does not prepare consolidated financial statements [Answer and show workings here] o hop