Below are the Extracts from the financial statements of Alpha plo, its subdiary plc and Gamma plc at 31 December 2019. Alpha, Bets and Gammare public lined comp Cost of Alpha pk Beta plc Gapk 5000 5000 5000 450 GAX T (240) 1,10 540 pody (120) Operating expe Investment income 150 (115) 15 390 (240 1900 145) Trofit for the y Offer compe Revaluation of property Total comprehensive income State of quaty for year ended 33 Der 2019 5000 5000 5000 Equity at 1 January 201 5,100 2530 1,500 Totalcomp Income for the year 125 360 120 Dividends Equity at 31 December 2019 5,625 (150) 2,700 Additional information: 1 Alpha placquired 80 per cent of the ordinary share capital of Bete plc for $1,850,000 on 1 January 2016 when the rained reserve of Beta pic were $1,250,000 ple has 600,000 $1 ordinary shine and there have been no since the acquisition date. The group policy is to measure the non-controlling a fair at the date of acquisition. The fair value of the non-controlling inter January 2015 1 $540,000 their 2 On 1 January 2016, the fair value of Bebe plc's net we them book value with the exception of depreciable property, the fair value of which was $180,000 higher then book vele. The property had a remaining yea at the date of acquisition Depreciation on property is charged to cost of of 15 3 Goodwill on the acquisition of Beta plc was impaired for the find time by 25 per cent in the year to 31 December 2018. An impairment review conducted at 31 December 2019 indicated a further impairment of 10 per cent of the remaining carrying value of goodwill Impairment loss on goodwill are charged to group operating expe 4 Alpha picquired 40 per cent of the ordinary share capital of Gamma pic on 1 July 2017, when the equity $1,305,000 REQUIRED Prepare for the Alpha plc Group for the year ended 31 December 2019 (condement of proft or low and other compa () concitement of changes in equity. [20 Mark [10] (b) Alpha plc purchased a further 10 per cent of the ordinary share capital of Bebeple on 1 January 2020 for $380000 () Explain how the acquation of this additional investment will be accounted for in the confinement of the Alpha plc Group for the year to 31 December 2020 15 M (1) Calculate the adjustments that will be made to the consolidated retard of the Alphe pic Group for the year to 31 December 2020 in respect of this additonal 10 per cent she purcha (c) Alpha purchased a further 20 per cent of the ordinary share pit of pl