Red owns 80% of White & 40% of Blue. At acquisition White/Blue reserves were 16,000 and 8,000 respectively. White non-current assets were revalued by 4,000 at that time. All relevant group/company data is shown below. Red White Balance Sheets at 31-Dec-21 Non-current assets Investment in White Blue 10,000 48,000 24,000 40,000 Investment in Blue 10,000 Other Net Assets 20,000 30,000 22,000 118,000 54,000 32,000 1NV Shares 40,000 25,000 10,000 Reserves 54,000 23,000 14,000 Profit/Loss 14,000 6,000 8,000 Other Liabilities 10,000 118,000 54,000 32,000 Required: For the Red group at Ye-Dec-21 prepare a) Group Balance Sheet, [10 marks] b) Group Income Statement, and [06 marks] c) Explain the rationale for group accounts. [04 marks] For controllingon-controlling interests calculate d) Return on Equity, and [02 marks] e) Earnings per Share [02 marks]