Rose Ltd Acquired a 75 Per Cent Interest in Daisy

Rose Ltd acquired a 75 per cent interest in Daisy Ltd on 1 July 2014 for a cash consideration of €758 000.On the same date,Daisy Ltd acquired a 56 per cent interest in Tulip Ltd for a cash consideration of €534 000.The fair value of the net assets of each of the companies at acquisition is as follows: $\begin{array}{|l|r|r|}\hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Share capital } & 900000 & 86000 \\\hline \text { Retained earnings } & \underline{85000} & \underline{40000} \\\hline & 985000 & 900000 \\\hline\end{array}$ Goodwill has been determined not to have been impaired.Information for the period ended 30 June 2015 for Daisy and Tulip is as follows: $$\begin{array} { | l | r | r } \hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Operating profit after tax } & 30000 & 20000 \\\hline \text { Dividends proposed } & 20000 & 10000 \\\hline\end{array}$$ Neither dividend had been paid at the end of the period.There were no other intragroup transactions during the period.What is the non-controlling interest in Daisy and Tulip as at 30 June 2015?

A) $\begin{array}{|l|r|r|r}\hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Operating profit } & 7500 & 8800 \\\hline \text { Retained earnings } & 21250 & 17600 \\\hline \text { Dividends } & (5000) & (4400) \\\hline \text { Share capital } & 225000 & 378400 \\\hline\end{array}$
B) $$\begin{array} { | l | r | r | } \hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Operating profit } & 6100 & 11600 \\\hline \text { Retained earnings } & 21250 & 17600 \\\hline \text { Dividends } & ( 5000 ) & ( 4400 ) \\\hline \text { Share capital } & 225000 & 378400 \\\hline\end{array}$$
C) $\begin{array}{|l|r|r|}\hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Operating profit } & 7500 & 8800 \\\hline \text { Retained earnings } & 21250 & 23200 \\\hline \text { Dividends } & (5000) & (5800) \\\hline \text { Share capital } & 225000 & 498800 \\\hline\end{array}$
D) $\begin{array}{|l|r|r|}\hline & \text { Daisy Ltd } & \text { Tulip Ltd } \\\hline \text { Operating profit } & 2500 & 5800 \\\hline \text { Retained earnings } & 21250 & 17600 \\\hline \text { Dividends } & (5000) & (4400) \\\hline \text { Share capital } & 225000 & 378400 \\\hline\end{array}$