Question 2: (25 Marks) The statements of financial position of Tariq SAOG and Ola Co SAOG as at 31 December 2018 are set out below. Tariq SAOG Ola Co SAOG Omani Rials (Omani Rials) Assets: Non-Current Assets 106800 64450 Land & Buildings 54080 24960 Plant and equipment 60320 24960 Motor vehicles 142800 Investments in Ola Co SAOG 364000 114400 Current Assets: 16640 4160 Cash 83200 41600 Accounts Receivables 76960 76960 Inventory 176800 122720 540800 237120 Total Assets Equity and Liabilities(Omani Rial I per share 312000 145600 Retained Earnings 8320 12480 Share premium 79040 12480 Long term loan 66560 22880 Accounts Payables Total Equity and Liabilities Additional Information: 540800 237120 106800 64480 1. Tariq Co SAOG acquired 102000 share of Ola Co SAOG on 1 January 2017 for Omani Rials 96000. 2. The retained earnings of Ola Co SAOG on that date were Omani Rials 10000. 3. The market price per share of Ola Co SAOG was Omani Rials 1.4 per share. 4. During the year Ola Co SAOG sold goods to Tariq Co SAOG for Omani Rials 12000 at a mark-up of 20%. 3.40% of the goods sold by Ola Co SAOG are still unsold by Tariq Co SAOG at the end of year. 6. Tariq Co SAOG owed Omani Rials 2000 for goods bought and this amount is included in the Accounts payables of Tariq Co SAOG and Account receivable of Ola Co SAOG. 7. At the acquisition date the value of Ola Co SAOG's Land and Buildings was Omani Rials 4000 greater than their net book value. Required: Prepare consolidated Statement of Financial Position for the group clearly showing the workings for non-controlling interest, goodwill and group retained earnings.