Planet ple, a public limited company is expanding the group business. On 1 January 2020, Planet ple acquired 75% interest in Space Ltd and 25% interest in Aero Ltd. Planet ple is represented on Aero Lid's board of directors. Below are the statement of comprehensive income of Planet ple, Space Ltd and Aero Ltd for the year ended 31 December 2020. Planet lepo (5000 15000 Rerem 45.000 2400 10.000 Cost of sales (26.05.2008 Gross Profit 19.00 13.000.00 0 00.20 Operating profil 9.500 1.500 Management vices to Space L 20 Dividend from Space Finance Income 200 Finance ( 4101 Profile for an 30 IT 4. 2.70 |Protta 8.9 1040 Additional information: i) Planet plc trades with Space Ltd and during the year. Planet ple sold goods for $3,000,000 to Space Lid. in) Planet ple sells to Space Ltd at cost plus 25% Half of these goods remain unsold in Space Ltd. ii) Planet plc has recognized a dividend declared and paid by Space Ltd of S600,000 during the year. iv) Included in the operating expenses of Space Lid is an amount of $200,000 management fees charged by Planet ple for the services provided v) Planet ple charges Space Ltd 4% interest for the advances of $5,000,000 granted to Space Ltd on 1 July 2020. vi) Investment in Aero Ltd is impaired by $50,000 REQUIRED (a) Prepare the consolidated statement of comprehensive income for the year ended 31 December 2020. (Show all workings) (15 marks)