Big Company owns all of the issued capital of Small Company. Big Company acquires its $100$ per cent interest in Small Company on $1$ July $2022$ for a cost of $$2000.$ All assets are fairly stated at acquisition date. The share capital and reserves of Small Company on the date of acquisition are:

$$ $

Share capital $1250$

Retained earnings $750$

$2000$

Page $1047$The reconciliation of retained earnings and statements of financial position of Big Company and Small Company, as at $30$ June $2023,$ are as follows:

Big Company $($$$)$ Small Company $($$$)$

Reconciliation of opening and closing retained earnings

Profit before tax $500250$

Tax $(125)(100)$

Profit after tax $375150$

Opening retained earnings $1000750$

$1375900$

less Dividends declared $(175)(125)$

Closing retained earnings $1200775$

Statement of financial position $$

Shareholders$$ funds $$

Retained earnings $1200775$

Share capital $12501250$

Liabilities $$

Accounts payable $2500250$

Dividends payable $175125$

$51252400$

Assets $$

Cash $250175$

Accounts receivable $125325$

Dividends receivable $250$

Inventory $375400$

Plant and equipment $21251500$

Investment in Small Company $2000$

$51252400$

REQUIRED

Provide the consolidated statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity for Big Company and its controlled entity for the year ending $30$ June $2023.$