Consolidation

Really acquired 75% of the ordinary share capital of hard on 1 january 20×9 when hard had retained losses of 112,000. Also on that date, Really acquired 30% of the ordinary share capital of Work when Work had retained earnings of 280,000.

Retained earning at the year end are given below:

Really = 2464000
Hard = 1204000

What is the amount for retained earnings to be included in the consolidated statement of financial position?

My Calculation is given below:

My Formula:
Hard post retained earning = retained earning at acquisition date – retained earning at reporting date.

So question given me retained losses (negative amount) at acquisition date and retained earning (positive amount) at reporting date.

I just put these value in the formula given above.

Hard Post R.E = – 112000 – 1204000 = 1316000

Working for Group’s Retained Earning:

Share of Hard’s Post R.E (1316000 x 75%) = 1015000
Plus: Really Retained Earning = 2464000
Total = 1015000 + 2464000 = 3479000

But my answer is wrong.

In kaplan kit they solve this question by taking hard’s retained losses at acquisition date as a positive figure i.e 112,000. Rest all calculation are same.

I don’t know why they take Retained losses as a positive figure i.e 112,000 instead of taking as a negative figure i.e -112,000?

I need your help in this question.
Thanks!