Darwin acquired 80% of Henry's shares for $300,000 on 1 January 2018. At that date Henry had retained earnings of $190,000. On December 31, 2018 Darwin sold goods which cost $80,000 to Henry, at an invoiced cost of $100,000. The fair value of the non- controlling interest in Henry at the date of acquisition was $60,000. The two companies' draft financial statements as at 31 December 2018 are shown below. Statement of Profit or Loss for year ended Darwin Henry $'000 $'000 Revenue Cost of sales Gross profit Administrative expense Distribution costs Profit before tax Income tax expense Profit for the year 5.000.00 (2.900.00) 2,100.00 (1,000.00) (700.00) 400.00 (130.00) 270.00 1.000.00 (600.00) 400.00 (200.00) (120.00) 80.00 25.00) 55.00 Statement of Financial Position as at 31 December 2018 Darwin $'000 Henry $'000 $ Assets Non-current assets Property, plant and Equipment Investment in Henry 200 1940 300 2240 200 120 Current assets Inventories Trade receivables Bank and cash 500 650 170 1320 40 35 195 Total assets 3560 395 Equity and liabilities Equity Share capital Retained earnings 2000 520 2520 100 240 340 Current liabilities Trade payables Tax 30 910 130 1040 3560 25 55 395 Total equity and liabilities Required a) Prepared the consolidated statement of profit or loss for year ended 31 December 2018. (1 markal