required full notes or workings!!!!

Question 1 On 1 July 2019 P acquired 403,200.00 50.50 ordinary shares of S. Statements of financial position have been prepared as at 31 December 2020 The following information is available: (1) At 1 July 2019 S had a debit balance of $23,100.00 on retained earnings. (2) In fixing the bid price for the shares of S. P valued the land at $189,000.00 All S's plant was acquired since I July 2019 (3) The inventory of Sincludes goods purchased from P for $33,600.00 P invoiced those goods at cost plus 15% Non-controlling interest is valued at fair value, which was calculated on acquisition to be $106,575.00 Goodwill has been impaired by $58,296.00 since the acquisition occurred P Non-Current Assets Land 168,000.00 151,200.00 Plant 151,200.00 120,960.00 Cost of shares in s 426,300.00 Current assets Inventory 235,200.00 156,240,00 Account receivables 218,400.00 176,400,00 Bank 86,100.00 16,800.00 Total assets 1,285,200.00 621,600.00 Equity and liabilities Ordinary shares (0.5$ nominal value) 840,000.00 336,000.00 Retained earnings 336,000.00 235,200.00 Account payables 109,200.00 50,400.00 Total equity and liabilities 1,285,200.00 621,600.00 Required: a) Prepare the consolidated statement of financial position of P as at 31 December 2020 (10 marks) b) Prepare the consolidated statement of financial position of P as at 31 December 2020 as if: NCI is calculated using proportionate share of the identifiable net assets method and sales took part from Sto P (10 marks)