OUEGTION 3 365 ADDITIONAL INFORMATION : Soup Limited bought an 80% holding in Meat Limited two years ago when Meat Limited net assets at fair value were $450,000. At that time Meat Limited retained profits were $250,000. Soup Limited purchased a 100% holding in Water Limited on January 1 , 2020, when water Limited net assets at fair value were $1,370,000. At that time water Limited retained profits were $1,270,000. Soup Limited sold goods costing $80,000 to Meat Limited for $100,000. Meat Limited sold all the goods at the year end. Soup Limited had 1,000,000 ordinary shares in issue during 2020. REQUIRED : Prepare the Consolidated Income Statement and the Consolidated Statement of Changes in Equity for the year ended December 31, 2020, and the Consolidated Balance Sheet as at that date