Question The accounts of Large Ltd (Large') and Small Ltd (Small') for the year to 30 September 20x3 are as follows: Revenue Cost of sales Gross profit Administrative expenses Profit before tax Taxation Profit for the year Large 2,956,000 (2.217,000) 739,000 (525,000) 214,000 (107.000) 107.000 Small 1,575,000 (925,000) 650,000 (246,000) 404,000 (202,000) 202,000 Statements of financial position Investment in Small Inventories Other current assets 200,000 450,000 154.000 804,000 375,000 460,000 835,000 Share capital (1 ordinary shares) 250,000 100,000 Retained earnings 554,000 735,000 804.000 835,000 The following information is also given: 1. Large purchased 80,000 shares in Small in October 20x2 when the balance on Small's retained earnings was 120,000; 2. Small sells goods to Large making a gross marginf 20%. During theyear to 30 September 20x3 Small sold goods to Large that cost Small i. 320,000. At 30 September 20x3 40% of the goods purchased fromSmall were still in stock in Large's accounts; 3. Goodwill in Small is to be written down by 2,400 in the current year; 4. Small did not pay any dividends during the year; and 5. At the date of acquisition Large valued non-controlling interests based on the non-controlling interests' share of the net assets of Small at thatdate. Required: Construct the consolidated statement of financial position and consolidated statement of profit or loss of Large for the year to 30 September 20X3