Question 1 The following are the statements of financial position for Mariami Bhd and Ajwa Sdn Bhd as at 31.12.2021: Mariami (RM'000) Ajwa (RM'000) Investment in Ajwa 13,000 Non-current assets: Land 76,000 19,000 Plant 24,000 3.800 Machinery 14,000 3,000 Current assets: Inventories 5,000 3,000 Trade receivables 5,500 2,220 Cash in bank 14,000 4,000 Total 151,500 35,020 Ordinary shares 120,000 20,000 Preference shares 6% 2,000 Retained earnings 12,800 6,000 Liabilities: Trade payables 14,500 2.020 Other payables 4,200 5,000 Total 151,500 35,020 Additional information: 1. Mariami acquired 40% of ordinary shares in Ajwa on 1 January 2021 with consideration transferred of RM13,000,000. On that date retained earnings on Ajwa is RM4,600,000. 2. On acquisition date, machinery belonging to Ajwa had a fair value of RM200,000 more than the carrying value. Machinery is estimated to have a useful life of 20 years 3. During the year, Mariami sold inventories to Ajwa with the invoice price of RM200,000 at cost plus 25%. 50% of the inventories remain unsold. 4. On 31 December 2021 the fair value of plant is estimated at RM4,180,000. 5. The recoverable amount of the investment in Ajwa is less than the carrying amount by RM16,000. Required: Prepare the Group Statement of Financial Position as at 31 December 2021. Note: Show all relevant workings. [13 marks]