The following are the summarised financial statements of Sea Berhad and Lake Berhad as at 31 March 2018. Sea Lake Statements of financial position RM'000 RM'000 Assets Non-current assets Tangible assets Investment in Lake at cost 210 450 185 635 210 Current assets Inventories at cost Trade receivables Lake current account Cash at bank and in hand 190 150 315 260 10 60 15 Total assets 1,280 565 Equity and liabilities Equity Ordinary shares of RM1 each Revaluation reserve Retained earnings 500 110 100 50 30 Non-current liabilities 12% Debentures 10% Loans 200 100 Current liabilities Sundry payables Sea current account 470 275 10 Total equity and liabilities 1,280 565 Statements of comprehensive income for the year ended 31 March 2018 Sea RM'000 108 Lake RM'000 75 Revenue Cost of sales Gross profit 44 46 62 31 9 Operating expenses Profit before tax Income tax expenses Profit for the year 19 43 9 22 5 17 34 Statements of changes in retained earnings for the year ended 31 March 2018 Balance at 1 April 2017 Profit for the period Less: Dividends proposed Balance at 31 March 2018 Sea RM'000 76 34 Lake RM000 13 17 110 30 The following information is also available: (1) Sea acquired 80,000 ordinary shares in Lake on 1 January 2017 when the balance on Lake's retained earnings was RM10,000. (2) Lake revalued its fixed assets to their fair values on 1 January 2017 in accordance with IFRS 3, creating the revaluation reserve of RM50,000. (3) On 29 March 2018, Lake remitted, and entered in its books, a cheque in the sum of RM5,000 to Sea. This was not received by Sea until 3 April when it was entered in Sea's books. (4) During the year ended 31 March 2018, Lake sold RM50,000 of inventory to Sea at cost plus 25%. At 31 March 2018, Sea had inventory purchased from Lake at a cost to Sea of RM25,000. (5) The directors proposed before the year-end, that both companies should pay a dividend for the year ended 31 March 2018. They proposed that both Sea and Lake should pay a dividend of RM0.05 per share. The proposed dividends have not yet been reflected in the financial statements. (6) The goodwill arising on consolidation has been impaired by RM8,550. (7) It is group policy to value the non-controlling interest holding at their proportion of the subsidiary's net assets. Required: (a) Prepare the consolidated statement of comprehensive income for Sea Berhad and its subsidiary for the year ended 31 March 2018, in accordance with Malaysian Financial Reporting Standards. (b) Prepare the consolidated statement of financial position of Sea Berhad and its subsidiary as at 31 March 2018, in accordance with Malaysian Financial Reporting Standards. Pls use excel sheet. The following are the summarised financial statements of Sea Berhad and Lake Berhad as at 31 March 2018. Sea Lake Statements of financial position RM'000 RM'000 Assets Non-current assets Tangible assets Investment in Lake at cost 210 450 185 635 210 Current assets Inventories at cost Trade receivables Lake current account Cash at bank and in hand 190 150 315 260 10 60 15 Total assets 1,280 565 Equity and liabilities Equity Ordinary shares of RM1 each Revaluation reserve Retained earnings 500 110 100 50 30 Non-current liabilities 12% Debentures 10% Loans 200 100 Current liabilities Sundry payables Sea current account 470 275 10 Total equity and liabilities 1,280 565 Statements of comprehensive income for the year ended 31 March 2018 Sea RM'000 108 Lake RM'000 75 Revenue Cost of sales Gross profit 44 46 62 31 9 Operating expenses Profit before tax Income tax expenses Profit for the year 19 43 9 22 5 17 34 Statements of changes in retained earnings for the year ended 31 March 2018 Balance at 1 April 2017 Profit for the period Less: Dividends proposed Balance at 31 March 2018 Sea RM'000 76 34 Lake RM000 13 17 110 30 The following information is also available: (1) Sea acquired 80,000 ordinary shares in Lake on 1 January 2017 when the balance on Lake's retained earnings was RM10,000. (2) Lake revalued its fixed assets to their fair values on 1 January 2017 in accordance with IFRS 3, creating the revaluation reserve of RM50,000. (3) On 29 March 2018, Lake remitted, and entered in its books, a cheque in the sum of RM5,000 to Sea. This was not received by Sea until 3 April when it was entered in Sea's books. (4) During the year ended 31 March 2018, Lake sold RM50,000 of inventory to Sea at cost plus 25%. At 31 March 2018, Sea had inventory purchased from Lake at a cost to Sea of RM25,000. (5) The directors proposed before the year-end, that both companies should pay a dividend for the year ended 31 March 2018. They proposed that both Sea and Lake should pay a dividend of RM0.05 per share. The proposed dividends have not yet been reflected in the financial statements. (6) The goodwill arising on consolidation has been impaired by RM8,550. (7) It is group policy to value the non-controlling interest holding at their proportion of the subsidiary's net assets. Required: (a) Prepare the consolidated statement of comprehensive income for Sea Berhad and its subsidiary for the year ended 31 March 2018, in accordance with Malaysian Financial Reporting Standards. (b) Prepare the consolidated statement of financial position of Sea Berhad and its subsidiary as at 31 March 2018, in accordance with Malaysian Financial Reporting Standards. Pls use excel sheet