Western Ltd acquired 75% of the shares of Quoll Ltd on 1 July 2012. In exchange for these shares Western Ltd gave a consideration of $26?000 cash and 10?000 shares in Western Ltd, these having a fair value of $2 each. At this date the shareholders' equity of Quoll Ltd consisted of: Share capital (15?000 shares) $45?000 Retained earnings 9?000 At this date all the identifiable assets and liabilities of Quoll Ltd were recorded at amounts equal to their fair values except for plant for which the fair value was $2000 greater than the carrying amount of $25?000 (original cost was $35?000). The plant was expected to have a further 5-year life. The fair value of the non-controlling interest at 1 July 2012 was $15?000. Western Ltd uses the full goodwill method. The tax rate is 30%. Assets held by Quoll Ltd at 30 June 2017 include financial assets. Gains and losses on these assets are recognised in other comprehensive income. During the 2016-17 year Quoll Ltd recorded gains of $1500 on these assets. Financial information supplied by the two companies at 30 June 2017 was as follows:

Western Ltd Quoll Ltd Sales revenue Interest revenue Dividend revenue Cost of sales Financial expenses Selling expenses Other expenses Profit before tax Income tax expense Profit for the year Retained earnings (1/7/16) Dividend paid Retained earnings (30/6/17) Share capital Other components of equity Total equity Current liabilities $ 75 000 $113 000 575. 1000 w w M M (51 000) (87 750) (2 250) (5 000) (6 000) (9 000) M 122501 m1 (102 0001 16 575 18 000 m1 m1 9 075 9 800 M 21 700 57 975 51 500) (M1 (m) 55 975 27 900 60 000 45 000 - m M M 12 750 4 550 Current liabilities Noncurrent liabilities: Loans Total liabilities Total equity and liabilities Plant Accumulated depreciation Shares in Quoll Ltd Loans from Quoll Ltd Inventory Cash Financial assets Deferred tax assets Total assets 12750 4550 7500 12750 11Q $106725 522250 45000 90000 (25500) (45750) 46000 0 5750 0 15400 23250 21075 750 0 16500 ;Q_Q 2299 106725 522229