Mommy Corp acquired 80% shares of Baby Ltd on 1 May 20X4. During 20X4, Mommy sold goods to Baby in total amount of CU 35 000, thereof: -CU 12 000 before the acquisition date; and -CU 23 000 after the acquisition date. Baby paid dividends of CU 1 000 and Mommy of CU 8 000 on 31 December 20X4. Baby's share capital is CU 80 000. Below there are statements of P/L and OCI of both Mommy and Baby for the year ended 31 December 20X4. Prepare a consolidated statement of comprehensive income of Mommy Group for the year ended 31 December 20X4 (3 points) and an extract from consolidated statement of changes in equity (retained earnings and non-controlling interest)

Statement of P/L and OCI for the year ended 31 December 20X4 Mommy Corp. Baby Ltd. PROFIT OR LOSS Revenues from sales of goods Cost of sales Gross profit Marketing and distribution expenses Administrative and other expenses Other income - dividend received from Baby Profit from operations Finance cost Profit before tax Income tax expense Net profit for the year 55 000 -43 000 12 000 -2 200 -1000 110 000 -88 000 22 000 -3 500 -2 000 800 17 300 -500 16 800 -3 000 13 800 8 800 -30 8 770 -1 400 7370 OTHER COMPREHENSIVE INCOME Items that will not be reclassified to P/L Gains on from property revaluation Other comprehensive income for the year 500 500 120 120 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 14 300 7490