The following are the abridged Financial Statements of Pie, Tie and its associate, Lie Ltd, for the year ended 30 June 2021. Pie Ltd Tie Ltd Lie Ltd R R Net operating income 200 000 100 000 80 000 Dividends received 12 000 4 000 212 000 104 000 80 000 ation (100 000) (50 000) (40 000) Net income for the year 112 000 54 000 40 000 Dividends paid (32 000) (20 000) (10 000) Transfer to general reserve (20 000) (10 000) Retained income for the year 60 000 34 000 20 000 Retained income beginning of year 140 000 126 000 90 000 Retained income end of year 200 000 160 000 110 000 Statement of Financial Position as at 30 June 2021 Pie Ltd Tie Ltd Lie Ltd R R R Non- current assets Fixed assets 180 000 150 000 100 000 Investments in Tie Ltd 60 000 Investments in Lie Ltd 30 000 Net current assets 140 000 140 000 100 000 380 000 320 000 200 000 Share Capital ordinary R1 shares 100 000 100 000 50 000 Retained income for the year 200 000 160 000 110 000 General Reserve 80 000 60 000 40 000 Retained income end of year 380 000 320 000 200 000 Tie Ltd acquired a 40% interest in Lie Ltd on 1 January 2016 for R30 000 at which date Lie Ltd's retained income amounted to R20 000 with no general reserve. The taxation rate for the year amounted to 50%. Pie Ltd acquired a 60% interest in Tie Ltd on the date of incorporation of Tie Ltd. Tie Ltd was incorporated on 1 August 2015. Required: Prepare the consolidated statement of comprehensive income and the statement of financial position of Pie Ltd and its subsidiary for the year ended 30 June 2021. The group accounts for its investments in its associate on the equity method.