On I January, 2021, King Lad acquired 75\% of the equity shates of Queen Lad by means of an immediate share exchange and a cash payment of GHC2 per share. It was further agreed that the cash payment will be dae on 1 January, 2025. King Lid has recorded the shase exchange, but is yet to record the cash consideration. The cost of capital of King Lid is 20% per annum. The summarized statements of financial position of the two companies as at 31 December 2021 are: The following information is relevant (i) At the date of acquisition, King Lad condacted a fair value exercise on Queen L.td. "s net assets which were equal to their carrying amounts except the following An itean of a plant had a fair value of GHC9milion above its carrying amount. At the date of acquisition, it had a remaining economic useful life of five (5) years. lgnore deferred tax implications. King Ld's policy is to valoe mon-controlling interest as the proportionate of the net assets. An impairment test at the year-end shewed that goodwill had suffered a loss of GHC 4,000,000. Required: Prepare the Consolidated Statement of Financial Position for King Lad. Group as an 31* December, 2021