The following are the summarised statements of nancial position of three related companies at as 30 June 2017: A Ltd B Ltd C Ltd Plant and Machinery 160,000 Current Assets 180,000 Inventory on hand 120,000 Debentures in C Ltd - Investment in B Ltd 130,000 Investment in C Ltd - Total Assets 590,000 290,000 133 ,000 Share capital 200,000 150,000 40,000 Reserves 60,000 32,500 4,500 Retained earnings Liabilities 52,000 35,500 10,500 Debentures (due 30 June 2010) 200,000 - 50,000 590,000 290,000 133,000 A Ltd and B Ltd acquired their holdings in B Ltd and C Ltd respectively on 1 July 2015, at which date the shareholders' equity was as follows: C Ltd Share Capital 150,000 (133 per share) 40,000 (133 per share) Reserves 20,000 2,000 Retained Earnings 32,000 9,000 A Ltd hold 60% of shares in B Ltd, while B Ltd holds 100% shares of C Ltd. At the date of acquisition, all assets were stated at their fair value. Ignore income/expense paid on the intercompany debenture holding. Inventory on hand at 30 June 2017 included goods obtained om within the group and incorporated in the books at invoice prices which exceeded cost to the following extent: 0 Goods supplied by B Ltd to A Ltd at 5,000 above cost; 0 Goods supplied by C Ltd to A Ltd at 3,000 above cost; and I Goods supplied by C Ltd to B Ltd at 2,400 above cost. The tax rate is 30%. The directors had applied the impairment test for goodwill annually and determined that a write-down of $7,180 is required for consolidation purposes as at 30 June 2017, being $880 write-down of goodwill in B Ltd and a $5,300 write-down of goodwill in C Ltd. The cumulative goodwill impairment write-downs for prior years totalled $7,180, being $880 write-down of goodwill in B Ltd and $5,300 write-down of goodwill in C Ltd. Assume all non-controlling interests are measured at the non-controlling interest's proportionate share of the acquiree's identifiable net assets. Periodic inventory system is used. Required: . Prepare acquisition analysis and consolidation journal entries at the acquisition date (5 marks). . Prepare related consolidation journal entries as at 30 June 2017 (8 marks) . Calculate direct non-controlling interests, indirect non-controlling interests and total non-controlling interests (12 marks)