Pasta Ltd Acquired an 80 Per Cent Interest in Sauce

Pasta Ltd acquired an 80 per cent interest in Sauce Ltd on 1 July 2014 for a cash consideration of $3 193 000.On the same date,Sauce Ltd acquired a 60 per cent interest in Cheese Ltd for a cash consideration of $1 340 000.The fair value of the net assets of each of the companies at acquisition is as follows: $$\begin{array} { | l | r | r | } \hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Share capital } & 2950000 & 1240000 \\\hline \text { Retained earnings } & 1010000 & \underline { 970000 } \\\hline & 3960000 & 2210000 \\\hline\end{array}$$ Goodwill has been determined not to have been impaired.Information for the period ended 30 June 2015 for Sauce Ltd and Cheese Ltd is as follows: $\begin{array}{|l|r|r|}\hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Operating profit after tax } & 960000 & 380000 \\\hline \text { Dividends proposed } & 100000 & 90000\\\hline\end{array}$ 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 Sauce Ltd and Cheese Ltd as at 30 June 2015?

A) $$\begin{array} { | l | r | r | } \hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Operating profit } & 192000 & 152000 \\\hline \text { Retained earnings } & 374000 & 504000 \\\hline \text { Dividends } & ( 20000 ) & ( 46800 ) \\\hline \text { Share capital } & 590000 & 49600 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Operating profit } & 181200 & 197600 \\\hline \text { Retained earnings } & 202000 & 388000 \\\hline \text { Dividends } & ( 20000 ) & ( 36000 ) \\\hline \text { Share capital } & 590000 & 49600 \\\hline\end{array}$$
C) $\begin{array}{|l|r|r|}\hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Operating profit } & 181200 & 197600 \\\hline \text { Retained earnings } & 202000 & 388000 \\\hline \text { Dividends } & (20000) & (36000) \\\hline \text { Share capital } & 590000 & 496000 \\\hline\end{array}$
D) $$\begin{array} { | l | r | r | } \hline & \text { Sauce Ltd } & \text { Cheese Ltd } \\\hline \text { Operating profit } & 172000 & 150800 \\\hline \text { Retained earnings } & 202000 & 504400 \\\hline \text { Share capital } & 590000 & 496000 \\\hline\end{array}$$