C plc purchased 60% of the shares in D Ltd a number of years ago. The statements of profit or loss for each company for the year ended 31 December 2020 are given below.

	C plc $000	D Ltd $000
Continuing operations
Revenue	38,600	14,700
Cost of sales	(25,000)	(9,500)
Gross profit	13,600	5,200
Other income dividend from D Ltd	300
Operating expenses	(7,700)	(2,900)
Profit before tax	6,200	2,300
Tax	(1,600)	(600)
Profit for the period from continuing operations	4,600	1,700

You are also given the following information.

• During the year C plc sold goods which had cost $4,000,000 to D Ltd for

$5,000,000. All of the goods were still in the inventory of D Ltd at the year- end.

Draft a consolidated statement of profit or loss for C plc and its subsidiary for the year ended 31 December 2020. (25)