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Prepare consolidated income statement, including theassociated company Goreng's results, for the year ended 31 December2023 (Show all working/note) Ali acquired ( 80 % ) of

Prepare consolidated income statement, including theassociated company Goreng's results, for the year ended 31 December2023 (Show all working/note) 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 \( £ 16,000 \). 2 answers

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