On 1 January 20X1 Fibre plc acquired 80% of the ordinary shares of a Singaporean company, Fastlink Ltd, for £6m when Fastlink's retained earnings were $15.5m and the share premium was $0.8m. Fastlink's financial statements have been prepared in their functional currency of Singapore dollars and comply with IAS 21. The summarised statements of income and financial position as at 31 December 20X1 were as follows:

The following information is also available:
(i) The opening inventory was acquired when the exchange rate was £1 = $2.6 and the closing inventory when the rate was £1 = $2.2.
(ii) Exchange rates were as follows:
At 1 January 20X1................................................................£1 = $2.5
Average for the year ending 31 December 20X4...........................£1 = $2.25
At 31 December 20X1............................................................£1 = $2.0
Required:
(a) Prepare a consolidated statement of income.
(b) Prepare a consolidated statement of financial position:
(i) Show the goodwill calculation.
(ii) Show the non-controlling interest calculation.
(iii) Complete with retained earnings as a balancing figure.
(c) Reconcile the retained earnings figure showing exchange gains and losses.