Given below are the SOPL of two companies for the year ended 31 December 2019.

	Watch	Clock
	RM000	RM000
Turnover	2,000	1,600
Cost of sales	(600)	(400)
Gross profit	1,400	1,200
Expenses	(600)	(600)
Operating profit before tax	800	600
Dividends from quoted investments	40	20
Dividends from Clock	64	-
	904	620
Taxation	(300)	(240)
Profit for the year	604	380
Retained profit 1 Jan 2019	140	80
Dividends paid	80	80

Additional information:

1. Watch acquired 80% of the issued ordinary shares of Clock on 1 January 2019. The issued share capital of Clock was 800,000 numbers of ordinary shares.
2. During the current year Watch sold goods costing RM100,000 for RM120,000 to Clock. One-quarter of these goods remains unsold in Clock.

Required:

Prepare the group statement of profit or loss for the year ended 31 Dec 2019.