Other Mormarion Andy Ltd acquired its 100 per cent interest in Irons Ltd on I July 2008that is seven years earlier. Thc cost of thc investment was SSOO At that date the capital and reserves Of Irons Ltd were: Share capital Retained earnings At the date of acquisition all assets were considered to be "irly valued. During the year Andy Ltd made total to Irons Ltd of $81 250, while Irons Ltd sold $65 000 in inventory to Andy Ltd. The opening inventory in Andy Ltd as at I July 2014 acquired from Irons Ltd for SS2 500 that cost Irons Ltd $43 750 to produce. The closing inventory in Andy Ltd includes inventory acquired from Irons at a Of $42 000. This cost Irons [2d $35 000 to C losing Of Ltd includes acquired Andy Of 000. This cost Andy 000 to produce. The management of Andy Ltd believe that goodwill acquired was impaired by S37SO in the current financial year. previous impairments Of amounted to $20 (XX). On I July 2014 Andy Ltd sold an item of plant to Irons Ltd for SIU 000 wimitscMying value in Andy Ltd's accounts was SIDI 250 (cost S 168 750, accumulated depriaticm $67 500). plant is assessed as having remaining life of six years. Irons Ltd paid $33 125 in management to Irons Ltd REQUIRED prepare the consolidated statement of financial position and statement of comprehensive income Of Andy Ltd and Irons Ltd as at 30 Junc 20 IS. Also provide statement of in equity