Prepare the consolidated statement of profit or loss and other comprehensive income of the Burgers-Eat Ltd Group for the year ended 31 August 2020.

ASSIGNMENT 02 The information below represents the trial balances of Burgers-Eat Ltd and its subsidiary, Travelwell Ltd, as at 31 August 2020: Burgers-Eat Ltd Travelwell Ltd R R Share capital ordinary shares.... Retained earnings - 1 September 2019. Revaluation surplus.... Accumulated depreciation - plant and machinery. Trade and other payables..... Long-term borrowings... Loan from Burgers-Eat Ltd. Land and buildings... Plant and machinery.. Investment in Travelwell Ltd (cost equals fair value). Loan to Travelwell Ltd.... (1 200 000) (570 100) (275 000) (330 600) (456 000) (624 500) (650 000) (341 260) (175 000) (205 650) (314 700) (273 400) 1 194 000 1 400 000 725 000 685 950 805 000 273 400 Trade and other receivables. 77 330 123 500 Bank... 165 100 144 470 45 000 Inventory... Sales..... 275 000 (2 405 000) (450 000) (1714 000) (100 400) (22 800) 320 440 Income: services rendered. Income : other.... (130 800) (76 100) 1 350 000 325 870 Interest income.. Cost of sales..... Taxation for the year.. Interest paid... Other expenses... Dividends paid.... 236 550 41 300 555 300 1 456 000 116 100