On 1 July 2019 (DOA), Hilluison (Parent Ltd) acquired 80% of the ordinary share capital of Skeptik (Subsidiary Ltd) at a cost of $11,280,000. Income Statement of both companies are: Income statements: Year to 31 March 2020 Sales Reven Cost of Sales 40.000 4.000 42,000) Gress Polit 000 4000 Operating Expenses Loan Interest Reveived paid 200 075 1000 Taxation 33.000 Prefit her tax for the year Accumulated porough 6525 Accumulated profit per balance sheet Statement of Financial Position as at 31 March 2020 Tangible Non-Cu Investments Skeptic shares Ame9320000 1280 Total Asse 45.600 16000 Accumulated Profes 10% Loan Not 35,6000400 Total Equity and Liabilis 45,001.00 The following information is relevant: (i) The fair values of Skeptik's assets were equal to their book values with the exception of its Plant which had a fair value of $3.2 million in excess of its book value at the date of acquisition. The remaining life of Skeptik's Plant at the date of acquisition was four years and this period has not changed as a result of the acquisition. Skeptik has not adjusted the value of its plant as a result of the fair value exercise (ii)Revenue and profits should be deemed to accrue evenly throughout the year. Additional Notes (i) Skeptik sold goods to Hilluison at a selling price of $1,000. The costprice was $800. 25% of the inventory is still in Hillusion sock. (ii) Inter group debt: Hillion owes Skeptik 900. (iii) Goodwill for the group is to be impaired by 20% Required: Prepare a consolidated statement of financial position for Hilluision for the year to 31" March 2020.