Jacko Ltd owns $100$ per cent of the shares of Jackson Ltd$,$ acquired on $1$ July $2022$ for $$3\mathrm{.}5$ million when the shareholders$$ funds of Jackson Ltd were:

$$ $

Share capital $1750000$

Retained earnings $1400000$

$3150000$

All assets of Jackson Ltd are fairly stated at acquisition date. The directors believe that there has been an impairment loss on the goodwill of $$35000$ for the year ended $30$ June $2023.$

During the $2023$ financial year, Jackson Ltd sells inventory to Jacko Ltd at a sale price of $$700000.$ The inventory cost Jackson Ltd $$420000$ to produce. At $30$ June $2023,$ half of the inventory is still on hand with Jacko Ltd$.$ The tax rate is $33$ per cent.

Page $1050$The financial statements of Jacko Ltd and Jackson Ltd at $30$ June $2023$ are as follows:

Jacko Ltd $($$$000)$ Jackson Ltd $($$$000)$

Reconciliation of opening and closing retained earnings $$

Sales revenue $42001400$

less Cost of goods sold $(1750)(490)$

less Other expenses $(210)(105)$

Other revenue $24587\mathrm{.}5$

Profit $2485892\mathrm{.}5$

Tax expense $(700)(350)$

Profit after tax $1785542\mathrm{.}5$

Retained earnings$1$ July $202235001400$

$52851942\mathrm{.}5$

Dividends paid $(700)(140)$

Retained earnings$30$ June $202345851802\mathrm{.}5$

Statement of financial position

Shareholders$$ equity

Retained earnings $45851802\mathrm{.}5$

Share capital $140001750$

Current liabilities $$

Accounts payable $350297\mathrm{.}5$

Non$-$current liabilities $$

Loans $2100875$

$210354725$

Current assets $$

Cash $87587\mathrm{.}5$

Accounts receivable $525612\mathrm{.}5$

Inventory $21001050$

Non$-$current assets $$

Land $50401400$

Plant $86451400$

Investment in Jackson Ltd $3500$

Future income tax benefit $350175$

Goodwill $$

$210354725$

REQUIRED

Provide the consolidated financial statements for Jacko Ltd and its controlled entity for $2023.$