Question 2: P purchased 70% of S on 1 March 20X9. The statements of profit or loss for year ended 31 December 20x9 are as follows: P s 000 000 Revenue 17,000 12,000 Cost of sales (10,000) (6,000) Gross profit 7,000 6,000 Operating Expenses (2,500) (1,200) Profit from operation 4,500 4.800 Investment income 1,000 400 Finance Costs (600) Profit before tax 4,700 4,600 Tax expense (1,400) (900) Profit after tax 3,300 3.700 (800) The following information is also relevant: 1. On 1 June 20x9 S sold goods to P for 800,000 using a mark-up on cost of 25%. One quarter of the inventory is still in S's books at the year end. 2. Goodwill impairment for the year is 400,000. 3. S paid a dividend on 1 July 20X9 of 450,000. 4. P lent S money on 1 August 20X9 and charged interest of 70,000 up to the year end. Required: Prepare consolidated statement of profit or loss for the period ended 31 December 20X9