Prepare consolidated income statement, including the associated company Goreng's results, for the year ended 31 December 2023 (Show all workingote)

Ali acquired 80% of the shares in Coil on 1 January 2021 when the balance on the income statement of Coil was {60,000 and the balance on the general reserve of Coil was 16,000. Ali also acquired 25% of the shares in Goreng on 1 January 2022 when the balance on Goreng accumulated retained profits was 30,000 and the general reserve 8,000. During the year Ali sold Coil goods for 16,000, which included a mark-up of one-third. 80% of these goods were still in inventory at the end of the year. Ali acquired 80% of the shares in Coil on 1 January 2021 when the balance on the income statement of Coil was 60,000 and the balance on the general reserve of Coil was 16,000. Ali also acquired 25% of the shares in Goreng on 1 January 2022 when the balance on Goreng accumulated retained profits was 30,000 and the general reserve 8,000. During the year Ali sold Coil goods for 16,000, which included a mark-up of one-third. 80% of these goods were still in inventory at the end of the year