The summarised Income Statements for the companies that comprise the Addley Group for the year ended 31 May 2021 are as follows: The following information is also available: i. The issued share capital of the three companies was as follows: Addley 5,000,000 ordinary shares of $1 each O'Brien 1,000,000 ordinary shares of \$1 each Quirke 500,000 ordinary shares of $1 each ii. Addley purchased 75% of the issued ordinary share capital of O Brien for $850,000 on 1 June 2019. At that time the retained earnings of O'Brien were $80,000. iii. Addley purchased 65% of the issued ordinary share capital of Quirke for $3460,000 on 1 June 2020. At that time the retained earnings of Quirke were $60,000. iv. There was no impairment of goodwill. v. Addley sold goods costing $80,000 to Quirke for $100,000 during the year ended 31 May 2021. At 31 May 2021, 50% of these goods remained in Quirke's inventory. The summarised Income Statements for the companies that comprise the Addley Group for the year ended 31 May 2021 are as follows: The following information is also available: i. The issued share capital of the three companies was as follows: Addley 5,000,000 ordinary shares of $1 each O'Brien 1,000,000 ordinary shares of \$1 each Quirke 500,000 ordinary shares of $1 each ii. Addley purchased 75% of the issued ordinary share capital of O Brien for $850,000 on 1 June 2019. At that time the retained earnings of O'Brien were $80,000. iii. Addley purchased 65% of the issued ordinary share capital of Quirke for $3460,000 on 1 June 2020. At that time the retained earnings of Quirke were $60,000. iv. There was no impairment of goodwill. v. Addley sold goods costing $80,000 to Quirke for $100,000 during the year ended 31 May 2021. At 31 May 2021, 50% of these goods remained in Quirke's inventory