- Summarised Financial Statements for the vear to 31 December 2014 - Summarised Financial Statements for the year to 21 noromhor 7 N1 4 1) Oliver purchased 75% of Jacob for GHC15m on 1 January 2014. Goodwill has been impaired during the yea- by GHC750,000. Reserves at acquisiticn were GH c5m 2) Oliver also purchased 25% of Samuel for GHC13m two years ago when reserves were GlIc6m. Goodwill was impaired by GII 1,350,000 of which GHC250,000 relates to this year. The other 75% of Samuel's stares are owned by a rumber of small investors who hcld ro more than 2% each. 3) During the year Oliver sold zoods to Jacob to the value of GHClOm at a mark-up of 25% on cost. Oliver also sold goods to Sarruel to the value of GHC15m at the same mark-up. All of the goods sold to Jacob were still in inventory at the year end but Samuel had scld half of his inventory by the year end. 4) Jacob paid a cividend of GHC16m during the year. 5) The fair value of the non-controlling interest at acquisition was GH. 5m Required: Prepare both the Consolidated Statement of FInanclal Poslton as at 31 December 2014 and Consolidated Statement of Profit or Loss for the year to that date