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The following are the Statements of Comprehensive Income of Active Bhd. and Fabulous Bhd. as at 31 December 2022: Additional information: (i) Active Bhd was

image text in transcribedimage text in transcribed The following are the Statements of Comprehensive Income of Active Bhd. and Fabulous Bhd. as at 31 December 2022: Additional information: (i) Active Bhd was established on 1 January 2020 with paid up capital consist of 90,000,000 ordinary shares and 60,600,0005% cumulative preference shares. Active Bhd acquired 24,455,000 ordinary shares and 1,125,000 preference shares of Fabulous Bhd. on 1 January 2020. At the point of acquisition the retained profit of Fabulous Bhd is RM54, 200,000. The paid up capital of Fabulous Bhd. is made up of 36,500,000 units ordinary shares and RM5,000,000 of RM2.00 per unit 6% non-cumulative preference shares. (ii) During the current year, 15% of Active Bhd. sales were made to Fabulous Bhd. The item costed Active Bhd. RM98,888,889 (iii) RM20,000,000 of Fabulous Bhd.'s sales were made to Active Bhd. Fabulous Bhd marked up the item sold to other customers at 20%. however to Active Bhd. the company reduced the mark up by half. (iv) Reported at the beginning of 2022, inventories of Active Bhd. was RM10,300,000. One quarter of the inventories were acquired from Fabulous Bhd. At the end of the year. RM9,000,000 inventory is reported in Active Bhd inventory record. The inventories were acquired 30% from Fabulous Bhd. (v) At the beginning of the year 2022, inventory balance of Fabulous Bhd. reported at RM13,300,000. However only 20% were acquired from Active Bhd. 30% of the purchases made in 2022 from Active Bhd. remained in the closing inventory of Fabulous Bhd. (vi) Active Bhd. charged Fabulous Bhd. shared cost in the year 2022 as stated below: (vii) Dividend paid to shareholders are as follows: Required to prepare from the information provided above (Note: Show all workings): - Consolidated Statement of Profit or Loss for Active Bhd. for the year ended 31 December 2022 (up to profit after tax only). - Profit attributable to parent and non-controlling interest. - Extract of Statement of Changes in Equity for the year ended 31 December 2022

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