b) Presented below is the Statement of Financial Performance of Okagya Municipal Assembly for the year ended 31 December 2020. GHmillion GH'million GH'million 2020 2019 2020 Actual Actual Budget Revenues Decentralized Transfer 16,450 12,400 20,200 IGF 22,200 25,600 34,100 Donation and Grants 1.900 2,000 39.950 Total revenue 39.900 56.300 1.300 Scanned by TapScanner 25,900 18,000 Expenditure Compensation for employees Use of goods and services Consumption of fixed Asset Interest Grants Other expenses Total Expenditure 29,800 10,300 240 19,660 510 1.600 62110 24,300 9,860 220 14,550 430 1.430 50.720 16,780 1.920 2.450 65.050 Net Operation Result (22.160) (10.890) (8.750) Required: i) Prepare Common Size Statement of Financial Performance for the year ended 31 December 2020. (6 marks) ii) Based on the Common Size Statement of Financial Performance prepared in i) above, write a report analysing the financial performance of Okagya Municipal Assembly in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis. (4 marks) b) Presented below is the Statement of Financial Performance of Okagya Municipal Assembly for the year ended 31 December 2020. GHmillion GH'million GH'million 2020 2019 2020 Actual Actual Budget Revenues Decentralized Transfer 16,450 12,400 20,200 IGF 22,200 25,600 34,100 Donation and Grants 1.900 2,000 39.950 Total revenue 39.900 56.300 1.300 Scanned by TapScanner 25,900 18,000 Expenditure Compensation for employees Use of goods and services Consumption of fixed Asset Interest Grants Other expenses Total Expenditure 29,800 10,300 240 19,660 510 1.600 62110 24,300 9,860 220 14,550 430 1.430 50.720 16,780 1.920 2.450 65.050 Net Operation Result (22.160) (10.890) (8.750) Required: i) Prepare Common Size Statement of Financial Performance for the year ended 31 December 2020. (6 marks) ii) Based on the Common Size Statement of Financial Performance prepared in i) above, write a report analysing the financial performance of Okagya Municipal Assembly in line with the Recommended Practice Guide 2, Financial Statement Discussion and Analysis. (4 marks)