do it in advance accounting

Q#5 Group Financial Statements IFRS 10 P co acquired 70% of the ordinary shares of Sco on that company's incorporation in 2016. The summarized income statements of the two companies for the year ending 31 December 2016 are set out as below. co Sales Cost of sales Gross profit Administration expense E.B.LT Taxation E.AT Reserve brought forward Reserve carried forward Required: Prepare the consolidated income statement. Sco Rs. 150,000 Rs76,000 60,000 40,000 90,000 36,000 28,000 16,000 62.000 20,000 20,000 4,000 42,000 16,000 174,000 34,000 216.000 50,000