Question 3 Set out below are the draft accounts of Jayamas Berhad and its subsidiaries and Kayamas Berhad. Jayamas Berhad acquired 40% of the equity capital of Kayamas Berhad on 1 January 2017 when the latter's reserves stood at RM140,000. Summarised Statements of Financial Position as at 31 December 2019 Jayamas Kayamas Berhad & Berhad Subsidiaries RM'000 RM'000 Tangible non-current assets 1,870 570 Investment in Kayamas at cost 560 Loan to Kayamas Berhad 220 Current assets 100 150 Loan from Jayamas Berhad (220) 2,750 500 Share capital Retained earnings 250 2,500 2,750 100 400 500 Summarised Statements of Comprehensive Income as at 31 December 2019 Jayamas Kayamas Berhad & Berhad Subsidiaries RM'000 RM'000 Profit before tax 1,950 680 Income tax expense (350) (130) Net profit for the year 1,600 550 Notes (i) (ii) Assume that the associate's assets/liabilities are stated at fair value. Assume that there are no non-controlling interests in the subsidiary companies. Required: Prepare the summarised consolidated statement of financial position as at 31 December 2019 and the summarized consolidated income statement for the year ended 31 December 2019 for Jayamas Group. Show the detailed computation of the retained profit brought forward. Show all workings. [25 marks]