On 1 January 205, A Co acquired 100% of the shares of T Co. The statements of financial position of the two companies at that date were as follows: Class A Share Capital Retained earnings Investment in T Co Land Current Assets YOU ARE REQUIRED TO: a) Prepare the consolidated Statement of Financial Position of A Co at 1 January 205; under the following two independent assumptions: 1. The identifiable assets and liabilities of T Co are fairly valued at the date of acquisition. 2. The identifiable assets and liabilities of T Co are fairly valued, except for land, which is considered to have a higher market value. The excess was paid to take into account the market value of the land. Include the appropriate disclosure relating to the PPE and goodwill reconciliations to the extent of the information provided. b) For the second scenario: Explain what amount the land should be recognised at in the consolidated group Statement of Financial Position