3 The following trial balances for the year ended 31 December 2020 were obtained from the Head Office and Branch of Mawuei Ltd. Head Office Branch Debit Credit Debit GH'000 GH'000 GH'000 Credit GH'000 Office equipment Motor vehicles 36,000 7,000 2,800 1,200 Retained earnings 34,800 Current accounts 33,000 8,200 Inventory (at cost or mark up at 1 Jan 2020) 42,400 14,400 Purchases 76,000 37,200 Sales 97,000 60,400 Stated capital 17,000 Administrative expenses 21,000 8,800 Provision for unrealised profit- 5,200 Goods sent to branch 57,200 211,200 211,200 68,600 68,600 Additional information was as follows: i) The branch deposited GH4.8 million on behalf of the head office in the bank on 31 December 2020. No record of this transaction had been made in head office books. ii) All goods sold by the branch are supplied from the head office at cost plus 25%. At 31 December 2020 goods to the value of GH20 million were in transit to the branch. iii) Inventories at 31 December 2020, excluding goods in transit were as follows: Branch at mark up Head office at cost Required: GH'M 16 29 Prepare for the head office, branch and combined entity of Mawuei Ltd: Statement of profit or loss for the year ended 31 December 2020 and Statement of financial position as at 31 December 2020. (15 marks)