Draft statements of financial position for Lion and Tau on 31 March 2020 are as follows: Lion Tau Pula Pula Non-current assets 560,000 280,000 Property, plant and equipment 200,000 280,000 Investment in Tau Ltd 360,000 Current assets 120,000 100,000 Inventory 60,000 70,000 Accounts receivable 40,000 20,000 Cash at bank and in hand 20,000 10,000 Total assets 680,000 380,000 Equity and liabilities Equity 500,000 300,000 Share capital: Ordinary P1 shares 400,000 200,000 Share premuim 20,000 60,000 Retained earnings 80,000 40,000 Non-current liabilities 130,000 10% loan notes 130,000 Current liabilities 50,000 80,000 Trade & other payables 50,000 80,000 Total liabilities 180,000 80,000 Total equity and liabilities 680,000 380,000 i. Notes: Lion bought 160,000 shares in Tau in 2013 when Tau's reserves included a share premium of P60,000 and retained earnings of P10,000. ii. Lion's records show P12,000 owing to Tau, but Tau's records show P16,000 owed by Lion. The difference is explained as cash in transit. iii. No impairment of goodwill has occurred to date. iv. Lion uses the proportion of net assets method to value the noncontrolling interest. Rev 004 Required: Prepare Lion's consolidated statement of financial position as at 31 March 2020. (25 marks)