1. The income statements for the year ended 31 December 2020 and the statements of financial position as at 31 December 2020 for Garden Plc, Leaf Lid and Flower Lid are given as follows: Statements of financial position as at 31 December 2020 Garden Plc Leaf Ltd Flower Ltd E'000 E'000 E'000 Investments 30, 100 Property, plant and equipment 5,100 24,300 6,800 Inventory 2,700 4,100 2,500 Other current assets 3,500 3,000 2,500 Total assets 41,400 31,400 11,800 Share capital 6,500 2,000 900 Retained Earnings 25,650 13,550 9,300 Revaluation reserve 1,350 Payables 9,250 14,500 1,600 Equity and reserves 41,400 31,400 11,800_l Income statements for the year ended 31 December 2020 Garden Plc Leaf Ltd Flower Ltd 1100 1100 3000 Turnover 26,100 10,900 10,200 Cost of sales {5,400} [0,100] (2,200) Gross prot W W W Operating expenses {4,470} {4,400} (000) Prot before tax W W W Tax (3,480} [1,800] (900) Prot after tax 12,750 4,600 5,300 Notes Garden Plc acquired ?5% of Leaf Ltd on 1 January 2015 for 15,200,000 when the share capital and reserves of Leaf Ltd were 8,100,000. At the date of acquisition, the fair value of Leaf Ltd's noncurrent assets was 24,300,000. Leaf Ltd has accounted for this revaluation. No changes to the share capital and noncurrent assets of Leaf Ltd have taken place since acquisition. Garden Plc acquired 30% of Flower Ltd on 1 January 2017 for 5,400,000 when the share capital and reserves of Flower Ltd were 1,900,000. No changes to the share capital of Flower Ltd have taken place since acquisition. Goodwill for all acquisitions is capitalised. Impairment of 15% is to be recognised against the goodwill of Flower Ltd in 2020. In 2020 Leaf Ltd sells inventory which cost 450,000 to Garden Plc for 300,000. 20% of the inventory remains with Garden Plc at the end of 2020. At the year end, Garden Plc charges both Leaf Ltd and Flower Ltd a management fee of 10% of turnover. None of the companies have accounted for this management fee and the management fee has not been paid or received at the year end. Leaf Plc revalues its noncurrent assets at the end of 2020 by 800,000 but has not yet accounted for this revaluation. Required Prepare the consolidated income statement for the year ended 31 December 2020 up to prot after tax and the consolidated statement of nancial posion as at 31 December 2020 for Garden Pic. You do NOT need to calculate the noncontrolling interest in the income statement or the retained prot brought forward in the income statement