a. Prepare the Consolidated Statement of Profit or Loss of Jupiter Bhd for the year ended 31 December 2018 (show all workings).

b. Prepare the extract of the Statement of Changes in Equity of Jupiter Bhd for the year ended 31 December 2018 showing the retained profit and non-controlling interest column only.

Below are the Statements of Profit or Loss and Statements of Changes in Equity of Jupiter Bhd and Mars Bhd for the year ended 31 December 2018. Statement of Profit or Loss for the year ended 31 December 2018 Jupiter Bhd RM 4,750,000 (1.139,000) Mars Bhd RM 3,790,000 (277,300) 3,512,700 3,611,000 8,000 Sales Cost of sales Gross profit Profit on sale of equipment Other Income Selling expenses Administration expenses Finance cost Operating profit before tax Taxation Profit the year 116,320 (150,000) (100,000) (30,000) 3,447,320 (295,000) 3,152,320 3,000 (125,000) (30,000) (20,000) 3,348,700 (115,550) 3,233,150 Statement of Changes in Equity for the year ended 31 December 2018 (extract) Retained profit brought forward Profit for the year Ordinary dividends Preference dividends Transfer to general reserves Retained profit carried forward Jupiter Bhd RM 127,500 3,152,320 (232,500) (30,000) (50,000) 2,967,320 Mars Bhd RM 40,000 3,233,150 (137,600) (24,000) 3,111,550 Additional Information: 1. The paid-up capital of both companies are as follows: Company Name Ordinary shares 6% Cumulative Preference shares RM 500,000 400,000 RM 2,000,000 500,000 Jupiter Bhd Mars Bhd 2. Jupiter Bhd acquired 70% of the ordinary shares and 50% of the Preference Shares of Mars Bhd on 2 January 2018 for RM450,000 and RM200,000 respectively. 3 Sales of Jupiter Bhd include sales to Mars Bhd amounted to RM140,000. Jupiter Bhd sold the goods to Mars Bhd at cost plus of 25%. At the end of the year, RM60,000 of these goods remained unsold. 4. As at 31 December 2018, goodwill on consolidation was impaired by 20%. 5. During the year, Mars Bhd sold equipment to Jupiter Bhd at RM8,000 above it carrying value. Depreciation has been provided at 20% on carrying value on yearly basis. 6. Both companies have recorded the ordinary and preference dividends declared before the year ended 31 December 2018. However, Jupiter Bhd has only recorded ordinary dividend receivable from Mars Bhd