Rustenburg Ltd became a subsidiary of Midrand Ltd on 2 January 20.23. consider the carrying amount of the assets and liabilities Rustenburg Ltd to be equal to the fair value thereof at the date of acquisition. The following are the trial balances Midrand Ltd and Rustenburg Ltd for the year ended 30 September 20.23. Page 2 of 5 dditional information: 1. Rustenburg Ltd applied for a loan at FNGees Bankon 1 July 20.22. FNGees Ltd granted the loan at an interest rate of 20% per annum for a period of 5 years. The interest for the year ended 30 September 20.23 has not been recorded yet and is payable on 1 October 20.22. capital repayment will only start in 20.25. 2. The sales of Rustenburg Ltd are seasonal. 60% of the sales occurred during the first 6 months of the financial year. The remaining amount of the sales figure was earned evenly spread over the rest of the financial year. Rustenburg Ltd maintains a gross profit percentage of 50% on the cost price. All other income and expenditure were received and spent evenly throughout the year. Income tax must be apportioned according to the profit before tax for the period. 1. Draft the consolidated statement of financial position of the Midrand Ltd Group as at 30 September 20.23. 2. Draft the consolidated statement of profit or loss and other comprehensive income for the Midrand Group for the year ended 30 September 20.23 3. Draft the consolidated statement of changes in equity for the Midrand Group for the year ended 30 September 20.23. 4. Calculations Rustenburg Ltd became a subsidiary of Midrand Ltd on 2 January 20.23. consider the carrying amount of the assets and liabilities Rustenburg Ltd to be equal to the fair value thereof at the date of acquisition. The following are the trial balances Midrand Ltd and Rustenburg Ltd for the year ended 30 September 20.23. Page 2 of 5 dditional information: 1. Rustenburg Ltd applied for a loan at FNGees Bankon 1 July 20.22. FNGees Ltd granted the loan at an interest rate of 20% per annum for a period of 5 years. The interest for the year ended 30 September 20.23 has not been recorded yet and is payable on 1 October 20.22. capital repayment will only start in 20.25. 2. The sales of Rustenburg Ltd are seasonal. 60% of the sales occurred during the first 6 months of the financial year. The remaining amount of the sales figure was earned evenly spread over the rest of the financial year. Rustenburg Ltd maintains a gross profit percentage of 50% on the cost price. All other income and expenditure were received and spent evenly throughout the year. Income tax must be apportioned according to the profit before tax for the period. 1. Draft the consolidated statement of financial position of the Midrand Ltd Group as at 30 September 20.23. 2. Draft the consolidated statement of profit or loss and other comprehensive income for the Midrand Group for the year ended 30 September 20.23 3. Draft the consolidated statement of changes in equity for the Midrand Group for the year ended 30 September 20.23. 4. Calculations