Statement of Financial Position as at 31 December 2020 1. Wand Berhad acquired 80 percent of the ordinary shares in Luminar Sdn Bhd on 1 July 2022. The consideration transferred include RM2 million cash payment on the acquisition date and ordinary share exchange of 1 share for every 2 shares acquired in Luminar. The fair value of Wand's ordinary shares on acquisition date was RM2.50 per share. Only the cash consideration has been recorded. 2. The other investments were also acquired on 1 July 2022 and has been fully recorded. All preference shares were issued at RM1 per unit. 3. Luminar paid an interim dividend of RM30,000 in March 2022. 4. On the date of acquisition, one of the buildings belonging to Luminar was found to have a fair value of RM3,720,000 and the useful life estimated to be 186 months on this date. Equipment was found to be impaired by RM50,000 with an estimated useful life of 25 months on acquisition date. The group uses straight line depreciation and depreciation adjustments must be made on monthly basis. On 31 December 2022, plant was found to have a fair value of RM100,000 than the carrying value. None of the fair value adjustments has been recorded. The group uses revaluation model. 5. In December 2022, Wand declared half year dividends for its preference shares. Luminar declared 2 sen/unit ordinary shares dividends and full year dividends for its preference shares and redeemable preference shares. None of the dividends accruals has been recorded. 6. Difference in current account is due to cash in transit. Included in trade receivables of Wand is receivables due from Luminar amounting to RM35,000. Luminar remitted a payment of RM15,000 on 31 December 2022, but the payment was only received on 2 January 2023. 7. Partial goodwill was impaired by RM10,000 by 31 December 2022. Required (a) Prepare the consolidated statement of financial position as at 31 December 2020. Show all workings