answer needed

a. The following summarized income statements have been prepared for the year ended 30 June 2015 by 9 Higg Ltd and its subsidiarv undertaking Toov Ltd. The following information is relevant. (1) Higg Ltd acquired 70\% of the TK.100,000 issued ordinary shares of Topp Ltd for TK. 95,000 on 1 July 2011 when retained earnings of Topp Ltd were TK. 13,200. On the same date Higg Ltd acquired 20% of the 8% loan stock of Topp Litd. The total loan stock issued at par is TK.100,000. (2) The revenue of Higg Ltd includes sales to Topp Ltd of TK.36,000, all invoiced at cost plus 25%. On 30 June 2015 the inventory of Topp Ltd included TK.9,000 in respect of such goods. (3) Three years ago a goodwill impairment loss of TK.5,910 was recognized in Higg Ltd's consolidated financial statements. A further loss of TK.1,970 needs to be reflected in the current year consolidated financial statements. (4) Higg Ltd paid an interim ordinary dividend of TK.20,000 and total cividends to irredee preference shareholders of TK.8,000. Topp Ltd paid an interim ordinary dividend ofTK.10,000. (5) The retained earnings of Higg Ltd and Topp Ltd as at 1 July 2014 were K.,400 and TK.29,60 respectively. The share capital of Higg Ltd comprises 500,000 TK.1 ordinary thars and 100,000 TK. irredeemable preference shares. Requirement Prepare the consolidated income statement and consolidated statement of changes in equity for the year ended 30 June 2015