How to implement Joint Venture accounting in BPC?

Dear Experts,

We have a requirement of configuring Joint venture accounting for our client. Our client has a 50% JV with an entity say ‘X’.

We are getting complete TB of the entity ‘X’ from the client, which we load into the system as LC values at NO_GRP.

We have maintained the below given ownership structure in Ownership manager:

And have defined following Methods and method based multipliers in the system:

Now, while performing consolidation, the requirement is to display just 50% of the values in all the accounts for entity X, as it’s a 50% JV and eliminate the IC transactions appropriately.

Currently, the reports are displaying 100% TB and performing 100% elimination for the IC transactions with entity ‘X’.

We would really appreciate, if you could please guide us on how to achieve the Joint venture accounting in BPC.

Thanks in advance.