12.5 As at 31 December 5, the statements of financial position of Spunky and Candy are as follows: You ascertain the following: a. Spunky acquired 150 million of the 200 million issued ordinary shares of Candy on 1 January x3 when the retained profit of Candy had a negative balance of RM20 million. pe profi \( \Varangle \) b. On 1 January 3, the fair value of the land of Candy was RM100 million more than shown in the books. Candy did not adjust its books to reflect the new value. This piece of land still remains in Candy. c. During the year ended 31 December 5, Candy sold inventories valued at RM30 million to Spunky. Candy invoices trading inventories to Spunky at cost plus 50 percent. As at 31 December x5, Spunky had not sold any of these inventories. : all kr 4 S NCL d. During the year ended 31 December x4, Spunky sold to Candy plant and machinery (cost RM40 million less accumulated depreciation RM20 million) at RM30 million. The remaining economic life of this asset is five years and the plant is depreciated using the straight-line method. vn+w depre. e. Spunky's bank has not credited its account for the RM1 million cash remitted by Candy on 31 December x5. f. Dividends payable of Candy include second-half year's preference dividends. You are required to prepare the consolidated statement of financial position of Spunky and its subsidiary Candy as at 31 December 5