Yosemite Ltd had the following balance sheet Yosem ite Ltd Balance Sheet As at 31 Dec 20X? $ Assets Plant and equipment 600 000 Ca shiother assets 200 000 Total net assets m0 Equities Paid-up capital 500 000 Retained profits 300 000 Total equities m - Yosemite Ltd purchased a 30 percent shareholding in Porky Ltd on 1 Jan 20KB for $90,000. This purchase resulted in Yosemite having significant influence over Porky. . Yosemite owns 15% and had significant influence in Marvin Ltd for last nine years. Yosemite Ltd does not have any share investments that confer control. Porky's assets were recorded at fair values and its owners' equity, totalling $200000, was: > share capital $150,000 li- retained profits $50,000 0 During the year Porky reported prot of $90,000 and revalued its assets upwards by $70,000. a Dividend that Porky paid out of current year profit amounted to $60,000. - During the year. Yosemite generated revenue {not including revenue from any share investments] of $300,000 and recognised $100,000 of expense. Yosemite also paid dividend of $50,000. . During the year. Marvin Ltd sold inventory to Porky and made profit of $90000. Half of this inventory was still held by Porky Ltd by year-end