\begin{tabular}{|c|c|c|c|} \hline & SOUPLTD.$1000 & MEATLTD.$1000 & WATERLTD.$1000 \\ \hline Property,plantandequipmentInvestment & 2,800 & 1,000 & 2,000 \\ \hline Meat Ltd. & 1,000 & - & - \\ \hline Water Ltd. & 2,500 & - & - \\ \hline Bank & 100 & 50 & 100 \\ \hline Debtors & 200 & 250 & 100 \\ \hline Creditors & (50) & (10) & (20) \\ \hline Accruals & (10) & - & (10) \\ \hline \multirow[t]{3}{*}{ Dividend payable } & (300) & - & - \\ \hline & 6,240 & 1,290 & 2,170 \\ \hline & ==== & ==== & ===== \\ \hline ordinary shares & 1,000 & 200 & 100 \\ \hline \multirow[t]{3}{*}{ Retained profits } & 5,240 & 1,090 & 2,070 \\ \hline & 6,240 & 1,290 & 2,170 \\ \hline & ==== & ===== & ===== \\ \hline \end{tabular} ADDITIONAL INEORMATION: Soup Limited bought an 808 holding in Meat Limited two years ago when Meat Limited net assets at fair value were $450,000. At that time Meat Limited retained profits were $250,000. Soup Limited purchased a 1008 holding in Water Limited on January 1, 2020, when water Limited net assets at fair value were $1,370,000. At that time water Limited retained profits were $1,270,000. Soup Limited sold goods costing $80,000 to Meat Limited for $100,000. Meat Limited sold all the goods at the year end. Soup Limited had 1,000,000 ordinary shares in issue during 2020. REQUIRED : Prepare the Consolidated Income statement and the Consolidated Statement of Changes in Equity for the year ended December 31 , 2020, and the Consolidated Balance sheet as at that date. The following information relates to soup Limited, and its subsidiary companies, Meat Limited and water Limited, for the year to December 31, 2020. Profit and Loss Accounts \begin{tabular}{ccc} SOUP LTD. & MEAT LTD. & WATER LTD. \\ $1000 & $1000 & $1000 \\ 10,000 & 6,000 & 4,000 \\ 4,000 & 1,0005,000 & 1,5002,500 \\ \hline 6,000 & 600400 & 800700 \\ 4,3001,700 & 600 & 800 \\ 4,000300 & 1,090490 & 1,2702,070 \\ 5,2401,240 & ===== & ==== \\ ===== & ==== \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & SOUPLTD.$1000 & MEATLTD.$1000 & WATERLTD.$1000 \\ \hline Property,plantandequipmentInvestment & 2,800 & 1,000 & 2,000 \\ \hline Meat Ltd. & 1,000 & - & - \\ \hline Water Ltd. & 2,500 & - & - \\ \hline Bank & 100 & 50 & 100 \\ \hline Debtors & 200 & 250 & 100 \\ \hline Creditors & (50) & (10) & (20) \\ \hline Accruals & (10) & - & (10) \\ \hline \multirow[t]{3}{*}{ Dividend payable } & (300) & - & - \\ \hline & 6,240 & 1,290 & 2,170 \\ \hline & ==== & ==== & ===== \\ \hline ordinary shares & 1,000 & 200 & 100 \\ \hline \multirow[t]{3}{*}{ Retained profits } & 5,240 & 1,090 & 2,070 \\ \hline & 6,240 & 1,290 & 2,170 \\ \hline & ==== & ===== & ===== \\ \hline \end{tabular} ADDITIONAL INEORMATION: Soup Limited bought an 808 holding in Meat Limited two years ago when Meat Limited net assets at fair value were $450,000. At that time Meat Limited retained profits were $250,000. Soup Limited purchased a 1008 holding in Water Limited on January 1, 2020, when water Limited net assets at fair value were $1,370,000. At that time water Limited retained profits were $1,270,000. Soup Limited sold goods costing $80,000 to Meat Limited for $100,000. Meat Limited sold all the goods at the year end. Soup Limited had 1,000,000 ordinary shares in issue during 2020. REQUIRED : Prepare the Consolidated Income statement and the Consolidated Statement of Changes in Equity for the year ended December 31 , 2020, and the Consolidated Balance sheet as at that date. The following information relates to soup Limited, and its subsidiary companies, Meat Limited and water Limited, for the year to December 31, 2020. Profit and Loss Accounts \begin{tabular}{ccc} SOUP LTD. & MEAT LTD. & WATER LTD. \\ $1000 & $1000 & $1000 \\ 10,000 & 6,000 & 4,000 \\ 4,000 & 1,0005,000 & 1,5002,500 \\ \hline 6,000 & 600400 & 800700 \\ 4,3001,700 & 600 & 800 \\ 4,000300 & 1,090490 & 1,2702,070 \\ 5,2401,240 & ===== & ==== \\ ===== & ==== \end{tabular}