*Please explain step by step. Thank you!

Merry Co. owns 80% OF Daisy Inc. since its incorporation. Below is its statement of financial position as of the year December 31, 20x1. STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 20x1 PARENT SUB 20,000 5,000 ASSETS CURRENT ASSETS CASH AND CE TRADE AND OTHER REC SUB COMPANY OTHER RECS INVENTORIES 8,000 30,000 55,000 113,000 18,000 34,000 57,000 NON-CURRENT ASSETS PPE 120,000 90,000 INVESTMENT IN SUB COMPANY (64,000 SHARES) GW ACQUIRED IN BUS COM DTA 70,000 0 4,000 194,000 90,000 TOTAL ASSETS 307,000 147,000 LIABILITIES AND EQUITY LIABILITIES AND EQUITY CURRENT LIABILITIES TRADE PAYABLES PARENT CORP OTHER PAYABLES LOANS PAYABLE WITHIN 12 MONTHS -8,000 - 12,000 -35,000 - 10,000 -45,000 -20,000 NON-CURRENT LIABILITIES DTL -2,000 -2,000 0 TOTAL LIABILITIES -45,000 -22,000 EQUITY EQUITY ATTRIBUTTABLE TO OWNERS OF THE PARENT 200,000 SHARES (P1 EACH) ( 80,000 (P1 EACH) RETAINED EARNINGS -200,000 -80,000 -45,000 -62,000 NON-CONTROLLING INTEREST TOTAL EQUITY -262,000 -125,000 TOTAL LIABILITIES AND EQUITY -307,000 -147,000 REQUIRED: 1. Prepare Consolidated Statement of Financial Position and measure Non-Controlling Interest at its proportionate share of Daisy Inc.'s net asset