Analyze the investment in QCI and adjust ESE's separate entity $2023$ financial statements as needed. This must be done prior to preparing the consolidated statements. Hint: consider how ESE has accounted for QCI and then determine the correct treatment. Your analysis should break down the adjustments between the prior year $($adjusting opening balances$)$ and the current year. longrightarrow Confused?

Once you have revised the financial statements of ESE, prepare a worksheet to consolidate

Exhibit IV

Environmental Sports Enthusiasts Inc. Statement of Financial Position At December $31,2023$

Current assets

Cash

Accounts and other receivables

Inventory

Non$-$current assets

Depreciable assets $($net$)$

Land

Investment in Quality Carbs Inc.

Investments in Secure Solar Manufacturers $($at cost$)$

Notes receivable

Deferred income tax asset

Total assets

Current liabilities

Accounts payable

Dividend payable

Current portion of long$-$term debt

Non$-$current liabilities

Long$-$term debt

Total liabilities

Shareholders' Equity

Common shares

Retained earnings

Total shareholders' equity

Total liabilities and shareholders' equity

$2023$

$\backslash$table$[[823,900],[2,633,400$