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Mop Ltd acquired a 40 per cent interest in Bucket Ltd on 1 July 2024 for a cash consideration of $824 000. Bucket Ltd's assets and liabilities were recorded at fair value at the time of purchase and were represented by equity as follows:

Share capital	1 580 000
Retained earnings	480 000
Total shareholders' funds	2 060 000

Additional information relating to the period ended 30 June 2025:

Bucket Ltd had an after-tax profit of $665 000. Bucket Ltd proposed a dividend out of post-acquisition profits of $90 000. This dividend will not be paid until the following period.

Mop Ltd accrues the dividends of associates as revenue when they are proposed. The investment has been recorded in Mop's books in accordance with the cost method.

What consolidation journal entries are required to apply under the equity accounting method for the period ended 30 June 2025 assuming that Mop Ltd is a parent entity?

Group of answer choices

Dr	Investment in Bucket Ltd	824 000
Cr	Cash		824 000
Dr	Dividend receivable	36 000
Cr	Investment in Bucket Ltd		36 000
Dr	Investment in Bucket Ltd	266 000
Cr	Share of associate's profit		266 000

Dr	Investment in Bucket Ltd	266 000
Cr	Share of associate's profit		266 000
Dr	Dividend revenue	36 000
Cr	Investment in Bucket Ltd		36 000

Dr	Investment in Bucket Ltd	824 000
Cr	Share capital		632 000
Cr	Retained earnings		192 000
Dr	Dividend receivable	36 000
Cr	Investment in Bucket Ltd		36 000

Dr	Investment in Bucket Ltd	824 000
Cr	Share capital		632 000
Cr	Retained earnings		192 000
Dr	Dividend revenue	36 000
Cr	Investment in Bucket Ltd		36 000

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