Prepare a consolidated statement of comprehensive income for the year ended 31 December 2021 using the following information.

Zeta Ltd Statement of Comprehensive Income for the year ended 31 December 2021:

• Revenue: £1,500,000
• Cost of Sales: (£900,000)
• Gross Profit: £600,000
• Operating Expenses: (£250,000)
• Profit before Tax: £350,000
• Tax Expense: (£70,000)
• Other Comprehensive Income: £30,000
• Total Comprehensive Income: £310,000

Omega Ltd Statement of Comprehensive Income for the year ended 31 December 2021:

• Revenue: £900,000
• Cost of Sales: (£500,000)
• Gross Profit: £400,000
• Operating Expenses: (£180,000)
• Profit before Tax: £220,000
• Tax Expense: (£44,000)
• Other Comprehensive Income: £20,000
• Total Comprehensive Income: £196,000

Additional Information: Zeta Ltd acquired 75% of Omega Ltd on 1 January 2021. During the year, Zeta Ltd sold inventory to Omega Ltd for £120,000 at a profit margin of 20%. Omega Ltd had 25% of this inventory remaining at year-end.