The draft statements of financial position of two companies as at 31 March 200 were as Their draft statements of profit or loss for the year ended 31 March 200 were: Beethoven plc acquired its investment in Chopin Ltd on 1 April 209. The investment comprises: 20,000,000 ordinary shares for RM54 million 10,000,000 debentures for RM10 million The balance on Chopin Ltd's retained earnings at the date of acquisition was RM10,800,000. Chopin Ltd purchased goods from Beethoven plc for RM8,000,000 during the year ended 31 March 200. Half of these remained in stock at the year end. Beethoven plc had sold these at its normal mark-up of 25%.PS Chopin's accounts show it owes Beethoven RM2,000,000, whereas Beethoven's accounts show RM2,500,000 is due. These balances are included in trade and other payables and trade and other receivables respectively. The difference is due to cash in transit. Chopin paid a dividend of RM2,500,000 during the year. Beethoven plc is of the opinion that the goodwill is impaired and is now worth RM8,000,000. Required: (a) Prepare the consolidated statement of financial position and statement of profit or loss for the Beethoven Group as at 31st December 200. (b) What is meant by a group in the context of consolidated financialstatements? (4 marks) (c) Briefly explain how the principle of substance over form relates to consolidated financial statements. The draft statements of financial position of two companies as at 31 March 200 were as Their draft statements of profit or loss for the year ended 31 March 200 were: Beethoven plc acquired its investment in Chopin Ltd on 1 April 209. The investment comprises: 20,000,000 ordinary shares for RM54 million 10,000,000 debentures for RM10 million The balance on Chopin Ltd's retained earnings at the date of acquisition was RM10,800,000. Chopin Ltd purchased goods from Beethoven plc for RM8,000,000 during the year ended 31 March 200. Half of these remained in stock at the year end. Beethoven plc had sold these at its normal mark-up of 25%.PS Chopin's accounts show it owes Beethoven RM2,000,000, whereas Beethoven's accounts show RM2,500,000 is due. These balances are included in trade and other payables and trade and other receivables respectively. The difference is due to cash in transit. Chopin paid a dividend of RM2,500,000 during the year. Beethoven plc is of the opinion that the goodwill is impaired and is now worth RM8,000,000. Required: (a) Prepare the consolidated statement of financial position and statement of profit or loss for the Beethoven Group as at 31st December 200. (b) What is meant by a group in the context of consolidated financialstatements? (4 marks) (c) Briefly explain how the principle of substance over form relates to consolidated financial statements