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Kindly provide me the answer with correct workings and don't follow the other's answer.

Question 4 On January 1, 2020, Kobe Bhd acquired 75% of the issued ordinary share capital of Josh Ltd which is situated in Wonderland where the currency is W. The reserves of Josh on that date were W1 million. The financial statements of Kobe and Josh for the year ended 31 December 2020 are as follows: Statements of profit or loss for the year ended 31 December 2020 Kobe Josh RM'000 W'000 Revenue 5,500 2,000 Cost of sales (3,000) (800) Gross Profit 2,500 1,200 Depreciation costs (400) (300) Administrative expenses (600) (500) Net Profit for the year 1,500 400 Statements of financial position as at 31 December 2020 Kobe Josh RM'000 W'000 Non Current Assets Property, plant and equipment 3,000 3,000 Investment in Josh 1,200 Nil 4,200 3,000 Current assets Inventory Receivables Bank Total Assets 500 900 300 5.900 100 500 200 3,800 Equity and liabilities Equity Equity shares of RM1 each Retained earnings brought forward Profits for the year 2,500 1,700 1,500 5,700 2,000 1,000 400 3,400 400 3,800 Current liabilities 200 Total equity and liabilities 5.900 The following information is relevant:- (1) The opening and closing inventory for both companies is :- Kobe RM'000 Opening inventory 500 Closing inventory 500 (ii) The exchange rate to be used is as following:- Josh W'000 100 100 RM 1 1 1 1 1 1 w 3 2.5 2 2.25 3 3 1 January 2020 Average rate for the year 31 December 2020 Date of opening inventory was purchased Date of closing inventory was purchased 1 January 2014 date on which property, plant and equipment were acquired Required: By assuming the subsidiary's functional currency is Ringgit Malaysia (RM), (a) Prepare the consolidated statement of profit or loss for Kobe Group for the year ended 31 December 2020. [10 marks) (b) Prepare the consolidated statement of financial position for Kobe Group as at 31 December 2020 TEND OF QUESTION PAPERI [15 marks]