QUESTION THREE The summarized draft statements of financial position of the three companies at 31st D ECEMBER 2019 are: Add. (I) T Acquired its shares in J on January 1, 2019, when J had Retained Earnin gs of K160,000. NCl's are to be valued at their Fair Value at the date of acq uisition. The Fair Value of the NCl holding in J at January 1,2019 was K25 0,000 . (II) T acquired its shares in E on January 1, 2019 when E had Retained Earning s of K140,000. (III) An impairment test at the year-end shows that the Goodwill for J remains u nimpaired but that the Investment in E is impaired by K2,000. (IV) During the year J had sold inventory to T for K60,000. These had at a marg in of 25%. A quarter of these inventory still remains unsold. Required: Prepare the Consolidated Financial Statement of Financial Position for T as at 31st DECEMBER 2019. (25 marks)