1. X Ltd is the parent company to Y Ltd has acquired 80% (320,000 units) in Y Ltd on 1 September 2019. The following information was extracted from the statements of financial position of X Ltd and Y Ltd as at 30 September 2020:

	X Ltd	Y Ltd
Equity Ordinary shares 4% Preference shares 7% Debentures	2,000,000 600,000 200,000	500,000 250,000 120,000
Investment in Y Ltd: Ordinary shares (80%) Preference shares (50% Debentures (40%)	2,800,000 125,000 48,000

You were given the information that in August 2020, X Ltd has declared 2% ordinary shares dividends and half year preference shares dividends. Y Ltd has declared 5cents/unit ordinary shares dividends, half year preference shares dividends. Both companies have not accrued the dividends and the full year debenture interest.

1. Determine the dividends payables and interest payables for X Ltd and Y Ltd
2. Determine the dividends receivables and interest receivables due from Y Ltd for X Ltd