1. On 1 January 2020, Bayam Bhd had the following items in its accounts: Ordinary shares of RM1 each Share premium Retained profit RM 5,000,000 2,000,000 1,000,000 On 1 April 2020 Kangkung Bhd purchased 3,500,000 ordinary share capital of Bayam Bhd. Kangkung Bhd trades with Bayam Bhd and during the current year, Kangkung Bhd sold goods for RM 550,000 to Bayam Bhd. Kangkung Bhd sold to Bayam Bhd at cost plus 25%. RM 120,000 of these goods remain unsold in Bayam Bhd. The opening inventory of Bayam Bhd includes goods bought from Kangkung Bhd of RM 30,000. Bayam Bhd paid a net dividend of RM 400,000 which was recognised by Kangkung Bhd. Kangkung Bhd charges Bayam Bhd for consultancy services of RM 115,000 per annum. The amount paid by Bayam Bhd is included in its operating expenses. Given below are the income statements of Kangkung Bhd and its subsidiary, Bayam Bhd for the year ended 31" December 2020: Kangkung Bhd Bayam Bhd Sales 12,000,000 10,000,000 Cost of sales (5,000,000) (4,000,000) Gross profit 7,000,000 6,000,000 Operating expenses (2,000,000) (2,000,000) 5,000,000 4,000,000 Consultancy services to Bayam Bhd 115,000 Dividend from Bayam Bhd 320,000 5,435,000 4,000,000 Taxation 1,800,000 1,400,000 Profit after tax 3,635,000 2,600,000 Retained profit 1" January 2020 Ordinary dividend paid in 2020 15,600,000 1,000,000 2,400,000 400,000 Required: a. Prepare Consolidated Statement of Profit or Loss of Kangkung Bhd and its subsidiary, Bayam Bhd. (14) Extract of the Statement of Changes in Equity for the year ended 31 December 2020. (6) b