Income Statements for Paul and John. Paul acquired 85% of ordinary shares of John company.                                                                               •Paul                    John •                                                                              $ 000                $ 000   •Revenue                                                             2400                 800 •Cost of sales and expense                                 (2160)             (720)   Trading profit                                                           240                 80    •Investment income: •Dividend received from John                                1.5                  0 •Profit before tax

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