More Ltd and Less Ltd The following draft statement of the Financlal Position of More trd and its subsidlary Less Ltd as of 31st December 2022 are given below: Additional information: earnings of Less ttd wefe OMR 25,000. The fair value of the non-controlline interest in less thd at the date of acquisition was OMR 47,500 . At the date of acquisition, the fair value of the net assets of Less tid approximated their carrying amounts, except for a plot of land owned by tess ltd. Thls land was held in the financlal statements of tess tid at its cost of OMR 39,000 but was estimated to have a fair value of OMR 85,000. This land is still owned by Less thd on 31 st December 2022. On 31"DDember2022 tess ttd sold goods to More Led for OMR 16,000 at a margin of 25\%. One-Quarter of these goods were still unsold by More Ltd at the end of the year. On 31" Dec 2022, More Ltd owed tess ttd OMR 14,000 for goods bought, and this debt is included in the trade payables of More and the trade receivable of Less Ltd. You are required to: Reference to IFRS wherever applicable, relevant workings). (Relevant workincs 3 marks + consolidated statement of financial position 5 marks) (Total Marks Task B =8 Marks)